Oil prices stabilize following historic weekly drop amid Middle East tensions
Global oil prices stabilized on Monday following their sharpest weekly fall since the pandemic, as diplomatic signals tempered fears over Middle East escalations.
Global oil prices stabilized on Monday following their steepest weekly decline since the onset of the COVID-19 pandemic. Brent crude traded near $98.35 per barrel, while West Texas Intermediate rose slightly to $91.30 per barrel.
The market recovery followed remarks by US President Donald Trump regarding a potential agreement with Iran, which helped ease investor anxieties over regional supply disruptions. The stabilization occurred despite ongoing conflict across the Middle East, including Houthi attacks on Riyadh's financial district, reported explosions near the Strait of Hormuz, and US plans to launch a military task force aimed at blocking Iranian land routes.
Sources: Adevărul, Digi24, Economedia, HotNews, TV8.
Sources
- Adevărul — Explozii în apropierea Strâmtorii Ormuz, după noi incidente în Iran. Un petrolier a lovit o mină navală. Bilanțul atacurilor din Yemen: 27 de morți
- TV8 — Escaladare semnificativă în Arabia Saudită: Rebelii houthi au atacat și lovit o zonă simbol din Riad
- HotNews — SUA a anunțat că vrea să blocheze și toate rutele terestre spre Iran, care a reacționat imediat
- Digi24 — Clădiri afectate în Riad după ce Arabia Saudită a transmis că a interceptat două rachete balistice ale rebelilor
- Economedia — Prețul petrolului s-a stabilizat luni, după cea mai severă scădere săptămânală de la începutul pandemiei
Earlier coverage
- Nov 9, 2026, 04:00 AM UTCMiddle East tensions rise as strikes target Riyadh and naval mine damages tanker near Iran