Oil climbs nearly 12% for week as US-Iran strikes hit supply routes
Why it matters: Brent traded above $85 and the IEA warned prolonged disruption around Hormuz and the Red Sea could tighten global supply.
Subject
#Wti
Trump's planned 20% Hormuz toll lifts oil prices
Brent rose to US$85.11 a barrel as ship traffic through Hormuz fell sharply to 14 vessels on Sunday.
CNBC, Antara News +3
Oil nears $97, Asian stocks slide after Israel-Iran strikes
Why it matters: renewed attacks rattled traders already worried about inflation and disruption to shipping through the Strait of Hormuz.
Bloomberg, The New York Times +2
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.
Rupiah opens weaker at Rp17.995 per dollar, near 18,000
Rising energy import costs, dividend payments and foreign debt obligations are adding to domestic demand for dollars.
Series: Indonesian Rupiah · Exchange Rate Slide · 5 chapters since Jun 3