WS #16834
Oil prices stabilized around $105 per barrel following US strikes on Iranian targets, with markets assessing the supply risk. The ongoing escalation in the Middle East continues to underpin energy prices, benefiting upstream producers while posing a risk to global growth and inflation. The situation remains fluid, with potential for further volatility depending on diplomatic developments.
Middle East Tensions and Oil
Oil prices stabilized around $105 per barrel following US strikes on Iranian targets, with markets assessing the supply risk. The ongoing escalation in the Middle East continues to underpin energy prices, benefiting upstream producers while posing a risk to global growth and inflation. The situation remains fluid, with potential for further volatility depending on diplomatic developments.