Oil held a two-day gain amid escalating Middle East tensions, with continued US-Iran hostilities and Houthi threats to blockade Red Sea maritime traffic to Saudi Arabia. The risk to shipping lanes increases the probability of tighter supply conditions and supports near-term oil price strength.
Oil held a two-day gain amid escalating Middle East tensions, with continued US-Iran hostilities and Houthi threats to blockade Red Sea maritime traffic to Saudi Arabia. The risk to shipping lanes increases the probability of tighter supply conditions and supports near-term oil price strength.
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mildly negative
Sentiment Score
-0.20
