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Market Impact: 0.35
Fears of an Extended US-Iran Conflict Boost Crude Oil Prices
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarInflation
WTI October crude (CLV26) is up +$0.43 (+0.48%) to a fresh 6-week high, while October RBOB gasoline (RBV26) is up +$0.0126 (+0.40%). The move is being supported by escalated US–Iran hostilities, which are increasing supply-risk concerns for crude and refined products. Overall read-through is modest risk-off pressure for energy markets rather than a fundamental demand surprise.
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