Middle East Tensions
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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Trump Says He Is In No Hurry For Iran Deal
FX Empire· 2026-08-18 03:05
Iran has recently said that a "shipping map" for the Strait of Hormuz has been finalized. However, Iran is not ready to reopen the world's key waterway until U.S. lifts naval blockade of the country's ports. On Saturday, Israel launched strikes against Hezbollah in Lebanon in retaliation for an attack from the militant group. Rising tensions in Lebanon provided additional support to oil prices. It should be noted that Israel has recently delivered strikes against Hamas in Gaza, while Houthis attacked ships ...