Diplomatic Push Fails to Ease Oil Supply Risk; StanChart Sees $100+ Crude
Published 1 h ago7 sourcesEvidence: Reported
Brent crude rose 1.5% to $115.53 and WTI to $101.37 as markets price in a potential new Middle East conflict. The Wall Street Journal reports the US has warned Gulf countries to prepare for a short, intense military campaign after the elections, though President Trump has not yet decided. The uncertainty centers on whether the US will act, and the market is reacting to the threat of supply disruption.
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