U.S. President Donald Trump criticized the United Kingdom and France for not participating in the Iran conflict. He warned these countries to buy jet fuel from the U.S. or risk obtaining oil themselves via the Strait of Hormuz. His remarks highlight growing tensions and signal potential shifts in Western military coordination. Trump made the comments […]
Strait of Hormuz oil
Brent gains weekly as Iran-US tensions lift prices
Brent crude oil prices closed higher on Friday after late-session buying driven by geopolitical concerns, ending the week with strong gains. Traders reacted to renewed uncertainty surrounding potential US military action and tensions with Iran. As a result, short-covering pushed prices upward near the close of trading. The market also recorded a weekly increase of […]