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Oil prices rebounded Thursday after a 5% drop, as new US strikes near the Strait of Hormuz and Kuwait repelling drone attacks intensified supply fears. Washington and Tehran remain deadlocked over reopening the strait, keeping a floor under crude prices.
Kuwait activated its air defenses against missile and drone threats as the United States launched a new wave of strikes on Iran. The dual developments point to a rapidly escalating military situation in the Gulf, with direct consequences for oil markets and regional security.
Tag
Oil prices rebounded Thursday after a 5% drop, as new US strikes near the Strait of Hormuz and Kuwait repelling drone attacks intensified supply fears. Washington and Tehran remain deadlocked over reopening the strait, keeping a floor under crude prices.
1mo ago · 3 min · Markets
Kuwait activated its air defenses against missile and drone threats as the United States launched a new wave of strikes on Iran. The dual developments point to a rapidly escalating military situation in the Gulf, with direct consequences for oil markets and regional security.
1mo ago · 3 min · Global Affairs
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