West Texas Intermediate
4 stories from Middle East Affairs.
Iranian media reports explosions near Kharg Island oil terminal
Iranian state media reported hearing multiple explosions near Kharg Island, the country's main oil export terminal, as military tensions with the United States intensified.
Iraq's crude gains more than 10% in week despite final-session slip
Iraq's Basrah Heavy and Medium crude gained more than 10 percent over the week, though both fell in final trading as global oil prices edged higher.
Oil surges past $90 as US and Iran escalate military strikes
Oil prices rose sharply after US forces struck Iranian targets near the Strait of Hormuz and Iran responded with missile attacks on US military bases in Jordan.
Brent surges 7.6% on week as US-Iran clashes deepen
Brent crude rose 7.6 per cent this week as military clashes between the US and Iran disrupted shipping through the Strait of Hormuz, lifting fuel prices globally and deepening concerns about inflation.
