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Title:
Oil heads for weekly gain as West Asia supply risks persist
Detail:
Oil prices edged higher on Friday, heading for weekly gains. Renewed fighting between the U.S. and Iran curtailed shipping in the Strait of Hormuz. Tanker traffic through the vital waterway was at a near standstill on Thursday. Market confidence in diplomacy is capping the upside potential for prices. U.S. strikes avoided Iranian energy infrastructure, offering some reassurance.
Country:
India
Source:
ET Energy World
Published Date:
09.07.2026
URL:
View Original URL
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Regions:
Asia SAARC Countries South Asia
Sectors:
Non-Renewable Energy Supply Oil and Gas Construction Energy-Power and Electrical
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