In early trading, oil prices retreated, bringing Brent crude back below $90 per barrel as mediators strive to push the United States and Iran towards a new ceasefire agreement. "This will not be an easy task," said analysts at ING Group. "There remain significant differences between the United States and Iran. Meanwhile, the Yemeni Houthi movement has announced a blockade of shipping to Saudi Arabia —a development that could severely disrupt supply and halt the flow of oil through the Bab al-Man
In early trading, oil prices retreated, bringing Brent crude back below $90 per barrel as mediators strive to push the United States and Iran towards a new ceasefire agreement. "This will not be an easy task," said analysts at ING Group. "There remain significant differences between the United States and Iran. Meanwhile, the Yemeni Houthi movement has announced a blockade of shipping to Saudi Arabia—a development that could severely disrupt supply and halt the flow of oil through the Bab al-Man
智通财经2026/07/21 08:21Show original
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In early trading, oil prices fell, bringing Brent crude back below $90 per barrel, just as mediators are working to push the United States and Iran toward a new ceasefire agreement. "This will not be an easy task," analysts at ING said. "There are still significant differences between the United States and Iran." Meanwhile, Houthi forces in Yemen announced a blockade on Saudi shipping—this development could severely disrupt supplies, preventing oil destined for Asia from being transported south through the Bab-el-Mandeb Strait. However, judging by this morning's oil price movements, the market may not believe the blockade will be successful.
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