Oil edges higher as U.S. weighs added sanctions on Iran oil exports after attack on Israel
Publishing timestamp: 2024-04-16 13:01:09
Summary
U.S. officials expect Israeli response to Iran's attack to be limited in scope. Crude oil futures gained slightly as U.S. prepares new sanctions against Iran. Oil market's response to Iran's attack has been muted. Israeli army chief says Iran will face consequences. Leaders of Britain, France, and Germany call on Israel to show restraint. President Biden tells Israel U.S. commitment is ironclad but will not participate in offensive operation against Iran.
Sentiment: MIXED
Keywords: oil and gas, markets, investment strategy, breaking news: markets, business news, ice brent crude (apr'23), wti crude (mar'23),