Oil rises as Houthis claim strike on Saudi tanker near Yanbu
What's new: Brent climbed to $80.22 a barrel as US-Iran-Oman talks over Hormuz shipping routes continued.
Oil prices moved higher Wednesday after Yemen's Iran-backed Houthis claimed they struck a Saudi Arabian tanker with a missile near Yanbu, a key Saudi crude export port on the Red Sea. Brent crude rose 1% to $80.22 a barrel, while US West Texas Intermediate gained 0.46% to $76.12. The reported attack came as the United States, Iran and Oman continued talks aimed at stabilizing shipping through the Strait of Hormuz. CNBC cited regional sources saying negotiators are weighing an interim arrangement in which inbound vessels would use Iran's territorial waters and outbound ships would pass through Oman's waters in coordination with Tehran. Treasury Secretary Scott Bessent said a deal to reopen the route could come this week.
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Earlier in this story
- 2 hours agoIran, Oman near deal on new Strait of Hormuz shipping lane
- 3 hours agoOil rises as Houthis claim strike on Saudi tanker near Yanbureading now
- 3 hours agoIran, Oman near Hormuz shipping deal that shifts lanes to Tehran
- 9 hours agoU.S., Iran near accord to reopen Strait of Hormuz this week
- 11 hours agoBrent drops below $80 as Hormuz reopening talks gather pace
- 15 hours agoBrent drops 5% below $80 as Hormuz talks raise supply hopes
- 20 hours agoOil drops about 5% as US-Iran Hormuz deal hopes build
- 25 hours agoShip attack in Hormuz clouds US-Iran push to reopen oil route
- 27 hours agoTrump claims new US-Iran talks begin Monday afternoon
- 40 hours agoTrump halts Iran strike plan as fresh talks start and oil drops