WS #11321
Oil prices remain subdued near $68-72 as Strait of Hormuz shipping recovers, with Brent at $71.83 and WTI at $68.55, while TotalEnergies offers Iraqi crude to Asia and Canada announces new pipeline. Houthis threaten Saudi airports after alleged airspace intrusion; Russia escalates Kyiv strikes ahead of NATO summit; US worried Israel could target Iranian negotiators.
Oil Markets Stable as Hormuz Shipping Recovers
Oil prices remain subdued near $68-72 as Strait of Hormuz shipping recovers, with Brent at $71.83 and WTI at $68.55, while TotalEnergies offers Iraqi crude to Asia and Canada announces new pipeline.
Houthis threaten Saudi airports after alleged airspace intrusion; Russia escalates Kyiv strikes ahead of NATO summit; US worried Israel could target Iranian negotiators.