Friday, 16 October 2026

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Oil prices retreat as investors weigh supply outlook, Middle East tensions

Oil prices fell more than 1% on Thursday ​as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US ‌efforts to cut petroleum shipping costs by easing sanctions on vessels.

Oil prices retreat as investors weigh supply outlook, Middle East tensions

Oil prices fell more than 1% on Thursday ​as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US ‌efforts to cut petroleum shipping costs by easing sanctions on vessels.

Read the full story on MyJoyOnline

Source: MyJoyOnline

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