WS #12852
Oil prices crash sharply (WTI -8.08%, Brent -9.04%) amid reports Washington faces pressure to end Iran conflict before midterms, with Macquarie analysts flagging potential oversupply by year-end, while Houthi drone strikes on Saudi Aramco facilities add geopolitical risk. Iran warns of escalation over alleged US threats to commercial shipping, while Netanyahu quietly departs for the US amid reported threats from Iran, and Trump downplays high gas prices.
Oil Market Crash
Oil prices crash sharply (WTI -8.08%, Brent -9.04%) amid reports Washington faces pressure to end Iran conflict before midterms, with Macquarie analysts flagging potential oversupply by year-end, while Houthi drone strikes on Saudi Aramco facilities add geopolitical risk.
Iran warns of escalation over alleged US threats to commercial shipping, while Netanyahu quietly departs for the US amid reported threats from Iran, and Trump downplays high gas prices.