The Standard (HK)·3 min read·medium
Oil prices give up previous gains as tankers continue to ply Middle East conflict zones
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The Standard 英文虎報
✦AI Summary
Oil prices dipped as shipping continues through Middle Eastern conflict zones despite escalating tensions between the U.S. and Iran. Analysts suggest that alternative shipping routes are beginning to erode Iran's strategic leverage over the Strait of Hormuz.
Oil prices gave up some of their gains on Thursday as oil tankers continued to make their way out of the Middle East even as tensions there escalated, with the U.S.-Iran war spreading beyond its main fronts.
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