Global Oil Prices Dip Amid Geopolitical Tensions Between US and Iran
Crude oil markets retreated as traders assessed escalating military uncertainties between the United States and Iran, overshadowing other supply developments.
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Wright & Wirth on Venezuela Oil Push | Open Interest 9/2/2026
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." It’s all about oil. An escalation in US-Iran hostilities over the Strait of Hormuz puts energy markets on edge and raises fears of a return to all-out war. US Energy Secretary Chris Wright and Chevron CEO Mike Wirth discuss the push to boost oil production. Plus, conversations with BlackRock’s Gargi Chaudhuri, Rockefeller Capital Management CEO Greg Fleming and Ouster CEO Angus Pacala. (Source: Bloomberg)
Read full article →Oil edges down as investors weigh uncertainty over U.S.-Iran strikes
On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing a minor decrease in traffic through the Strait of Hormuz.
Read full article →Oil edges down as investors weigh uncertainty over US-Iran strikes
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