Oil prices slip as tankers continue to ply Middle East conflict zones

Oil prices gave up some of their gains on Thursday as oil tankers continued to make their way out of the Middle East even as tensions there escalated, with ​the U.S.-Iran war spreading beyond its main fronts.

BEIJING, July 30 : Oil prices gave up some of their gains on Thursday as oil tankers continued to make their way out of the Middle East even as tensions there escalated, with the U.S.-Iran war spreading beyond its main fronts.Brent futures fell 79 cents, or 0.9 per cent, to $87.30 a barrel as of 0015 GMT. U.S. West Tex

Oil prices slip as tankers continue to ply Middle East conflict zones  Reuters

The Middle East conflict appears to be expanding beyond its main fronts.

A drone hit a U.S.-owned gas storage tanker at Egypt's Mediterranean port of Damietta, British maritime security firm Ambrey said in an initial assessment on Wednesday, and U.S. President Donald Trump vowed to retaliate against Iran for an overnight attack, as the Middle East conflict appeared to expand beyond its main

IRAN-CRISIS/ (WRAPUP 11, PIX, TV):WRAPUP 11-In major Middle East escalation, security firm says drone hits storage tanker at Egyptian port

Prime Minister Han Seong-sook instructed officials Wednesday to make sure to crack down on market-disturbing acts, such as hoarding, amid persistent concerns about supply strains due to the on-again, off-again conflict in the Middle East. Han made the remark at the start of an emergency economic meeting with related mi

Reports claim the missiles were fired at US installations in Jordan, with Jordanian air defence systems attempting to intercept the incoming projectiles, amid soaring Iran-US tensions

MANILA, Philippines — President Ferdinand Marcos Jr. highlighted in his fifth State of the Nation Address the P58 billion fund that was trickled down to local governments in response to the effects of the Middle East conflict in the Philippines. On February 28, 2026, the United States of America and Israel struck Iran,

Will the other banks follow?