Iran strike kills 1 at Kuwait airport as US hits Qeshm Island
Why it matters: Oil rose more than 2% as fighting again threatened the Strait of Hormuz, a key route for global energy shipments.
Subject
#Oil
Ship traffic through Strait of Hormuz rises as US guides crossings
Why it matters: More sailings could ease pressure on oil, gas and goods flows after months of war disruption and stranded vessels.
The Straits Times, The Business Times (Singapore) +4
Oil settles at 1-week high as Hormuz shutdown keeps supply tight
What's new: Brent closed at $96 and WTI at $93.76 as the market weighed stalled US-Iran contacts and a largely shut strait.
Oil slips as US-Iran talks keep Strait of Hormuz reopening in play
What's next: Traders are watching for a deal within a week as tanker traffic stays far below prewar levels and keeps a risk premium in crude.
The Business Times (Singapore), Bloomberg +2