Economy · World
Oil prices fluctuate amid Middle East tensions and shipping concerns
Crude oil futures saw fluctuations, with some reports indicating a dip as shipping through the Strait of Hormuz improved, while others noted significant monthly gains. These movements occurred against a backdrop of ongoing conflicts in the Middle East, including threats to supply from the Persian Gulf and Black Sea, and Iran's actions. Shell's profits more than doubled, reaching nearly $10 billion, attributed to the surge in oil and gas prices driven by the Middle East crisis. Separately, an oil spill from a tanker was observed spreading off the coast of Oman.
How outlets across the spectrum covered it
Left 0 · Centre 5 · Right 1 n = 6
- Centre (5): Business Standard, Mint, NDTV, Patrika, Telangana Today
- Right (1): Firstpost
- International (7): Associated Press, BBC News, Bloomberg, Deutsche Welle, France 24, Reuters, The Guardian