Aircraft Carrier Skirmishes Drive Up Oil Prices in Early Trading
February 4th News: Oil prices rose in Asian early trading hours due to escalating tensions between the US and Iran. The US shot down an Iranian drone targeting the USS Abraham Lincoln aircraft carrier. Vivek Dhar of CBA stated in a report that this confrontation has intensified market concerns about further conflict between the US and Iran, which could lead to disruptions in Middle East oil supplies. The analyst added that while the US and Iran are scheduled to begin negotiations on Friday, President Trump's previous threat that "bad things will happen" if a deal on Iran's nuclear program cannot be reached is supporting the risk premium.
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Aircraft Carrier Skirmishes Drive Up Oil Prices in Early Trading
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