Story preview
Continue reading on the publisher site for the full article.
Read on publisher →Daily Report Nigeria
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
6
in the last 3 days
First reported
3 days ago
5 outlets since
Countries
5 other outlets reported this story in the last 3 days.
Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel. US West Texas Intermediate crude 34 cents, or 0.38%, to $89.72.
The Strait of Hormuz crisis has exposed major weaknesses in Gulf energy infrastructure, with Kuwait, Qatar and Bahrain bearing the heaviest disruption due to their dependence on the waterway. Oil shipments from Gulf producers reliant on Hormuz fell 36.4% in the first month, resulting in an estimated $15.2 billion…
Indian shares traded mixed as easing oil prices supported sentiment, while surging US bond yields kept investors cautious. Sensex gained around 130 points, while Nifty slipped below 22,700 amid weak global cues.