HeadlinesBriefing favicon HeadlinesBriefing.com

Oil Steadies After Four-Day Slump as Iran War Diplomacy Tracked

Bloomberg Markets •
×

War With Iran: Back Forward Facebook Linked In Gift Today on Bloomberg Television’s Balance of Power, hosts Joe Mathieu and Kailey Leinz interview Heather Conley, a senior fellow at the American Enterprise Institute, about the complexities arising from the Iran war and Russia-Ukraine conflict.

Oil steadied after a four-day slump, as Middle East supply concerns eased and traders tracked diplomatic efforts to end the US-Iran war. West Texas Intermediate held above $95 a barrel, after losing more than 9% over the four prior sessions, while Brent settled near $100.

Satellite data showed Saudi Arabia’s observed loadings from inside the Persian Gulf jumped over the weekend, suggesting the kingdom has shifted exports back toward the Strait of Hormuz following the shutdown of a key cross-country pipeline.