Crude Oil Prices Face Weekly Declines Amid Strait of Hormuz Disruptions

Brent and WTI crude benchmarks are projected to register weekly losses as geopolitical tensions and irregular shipping flows through the Strait of Hormuz weigh on supply expectations. Stalled diplomatic negotiations between the US and Iran further complicate market outlooks.

28 Aug, 11:28 — 28 Aug, 11:28

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Times of IndiaMostly Factual3d ago

Oil prices today: Crude heads for weekly losses as Hormuz flows remain choppy

Oil prices remained largely steady on Friday. Both Brent and WTI benchmarks were set for sharp weekly declines. Stalled US-Iran diplomatic talks and uneven Hormuz crude flows influenced traders. India's MCX crude futures also traded lower on Friday. Market sentiment shifted as economic sanctions replaced military pressure.

By YASHASVI VASISTHA

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Crude Oil Prices Face Weekly Declines Amid Strait of Hormuz Disruptions

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Oil prices today: Crude heads for weekly losses as Hormuz flows remain choppy

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