Oil Prices Slide as Israel-Iran Suspend Strikes
Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities.Brent crude futures LCOc1 were down $1.33, or 1.4%, at $92.92 a barrel at 0741 GMT, while U.S. West Texas Intermediate CLc1 declined $1.73, or 1.9%, to $89.57 a barrel.The market has been here before…
Fifth Qatari-Controlled LNG Tanker Exits Hormuz Strait
A fifth Qatari liquefied natural gas tanker has transited the Strait of Hormuz with a cargo, ship-tracking data showed, bringing the total number of loaded LNG vessels to have exited the waterway since the war started to nine.Controlled by QatarEnergy, the Al Daayen tanker was seen on ship-tracking data off the coast of Qatar around June 4-5, according to analytics firms Kper and LSEG. It reappeared…
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