Oil Prices Soar Amid Strait Tensions | Business and Finance News

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded08 Sep 2026

Publisherfeeds.acast.com ↗

Handlerec:20290625

Show notes

Oil prices are surging as U.S.-Iran tensions flare over attacks on tankers in the Strait of Hormuz, sending Brent and WTI crude up nearly 10% last week amid fears of disrupted Middle East supply. The weekend saw U.S. strikes on Iranian vessels, prompting Iran’s Revolutionary Guard to retaliate — marking a dangerous escalation where commercial ships are now pawns in an economic standoff. Ship traffic through the strait has plummeted to its lowest since May, with Iran threatening to establish a restricted zone nearby. OPEC+ holds steady on output for October, waiting for clarity before adjusting quotas, while analysts warn this conflict could delay Middle East supply recovery for years — tightening global trade routes and rattling markets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bf2ee9afdb51c1bd

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.