Oil prices volatile as Iranian warship enters Red Sea after U.S. destroys Houthi boats
Publishing timestamp: 2024-01-02 12:13:38
Summary
Oil prices were volatile after Iran dispatched a warship to the Red Sea, increasing tensions in the critical waterway. The market is waiting to see if there will be a major supply disruption. Major shipping companies had previously rerouted their vessels due to attacks by Houthi rebels, but the launch of a multinational maritime force has increased confidence and some companies are resuming operations.
Sentiment: MIXED
Keywords: breaking news: markets, commodity markets, iran, government and politics, oil and gas, business news, markets,
Source: https://www.cnbc.com/2024/01/02/oil-prices-rise-as-iranian-warship-enters-red-sea-.html