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Crude Eases As China Reportedly Presses Iran To Rein In Houthis
Crude Eases As China Reportedly Presses Iran To Rein In Houthis
Oil prices are falling on Thursday on some headlines signaling potential de-escalation moves out of the Saudi-Yemen conflict, both via Reuters:
China reportedly presses Iran to help rein in the Houthis after Saudi appeal, according to Retuers citing sources
Oil prices fell on Wednesday after reports that Saudi Arabia was offering additional crude cargoes through Oman eased some concerns about Middle East supply disruptions, while a smaller-than-expected draw in U.S. crude inventories added further downward pressure.
US crude futures have extended their...
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Iran Claims Kuwait Airbase Attack, Strikes Pair Of Tankers In Hormuz, Despite No New US Operations Overnight
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"We note with concern that the security situation remains precarious," said Pakistani Foreign Ministry spokesperson Tahir Andrabi on his country's mediation efforts to find peace between the US and Iran. Talks "are ongoing to normalize the situation, particularly the situation in the Strait of Hormuz," he told reporters as a week full of renewed fighting as come to a close. But there essentially are no current talks, and US officials have indicated they...
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