Oil prices fell back in early trading on Friday, following a surge in recent days, as the US-Israeli conflict with Iran closes its first week with no clear end Oil prices fell back in early trading on Friday, following a surge in recent days, as the US-Israeli conflict with Iran closes its first week with no clear end

Oil eases after Iran conflict sends WTI above $81

2026/03/06 17:53
3 min di lettura
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo [email protected].
  • Brent off 1.1%, WTI down 1.3%
  • Iran hits more energy facilities
  • Hormuz ‘near standstill’

Oil prices fell back in early trading on Friday, following a surge in recent days, as the US-Israeli conflict with Iran closes its first week with no clear end in sight.

Brent oil fetched $84.46 per barrel at 04:40 GMT, down 1.1 percent, while US West Texas Intermediate crude was 1.3 percent lower at $79.93, after surging above $81 on Thursday for the first time since July 2024. 

Iran struck more energy facilities on Thursday in the Gulf, hitting Bahrain’s state-owned refinery Bapco Energies, as reported by Reuters, and an oil tanker near the Iraqi coast, according to the United Kingdom Maritime Trade Operations Centre.

Commercial shipping through the Strait of Hormuz, which funnels about 20 percent of global seaborne oil and LNG supplies, went from a “sharp slowdown” to a “near-total standstill”, according to Wanying Zhang, a freight analyst at cargo-tracking platform Vortexa. 

“While the waterway is not technically closed, a combination of extreme physical danger and a collapsing insurance market has created a ‘financial blockade’ just as effective as a naval one.”

Large tankers transiting through the waterway have gone from an average of nearly 40 a day in January, to “just a few” on March 2, to only one on March 3, according to Vortexa. 

The blockage is forcing Gulf oil-producing countries to store more crude domestically, but they are running out of space. 

“Kuwait and Iraq have both signalled production cuts as they have limited means of bypassing the strait,” said Sasha Foss, energy analyst at CSC Commodities. 

“Meanwhile, the UAE and Saudi Arabia likely have a couple more weeks before needing to cut production.” 

US markets closed down on Thursday, with the S&P off 0.56 percent, the Nasdaq 0.26 percent and the Dow Jones 1.6 percent. London’s FTSE 100 index fell 1.45 percent.

UAE stocks fell for a second day, with the benchmark in Dubai down 1.3 percent and Abu Dhabi’s index 2 percent lower.

News on the Iran war

  • How Aramco can keep oil flowing during Iran conflict
  • The Gulf’s economy is holding its breath
  • Iran conflict sends UAE developer bonds tumbling

Saudi Arabia’s Tadawul All-Shares rose 0.8 percent, its third straight day of gains.  

Spot gold rose 1 percent to $5,124.7 per ounce in early Friday trading. Bullion has fallen almost 3 percent this week, ending a four-week run of gains. US gold futures were down nearly 1 percent at $5,131. 

Vijay Valecha, chief investment officer at brokerage Century Financial, counted a war-driven increase in inflation and the value of the dollar as “major headwinds” for the metal.

“Extreme risk-aversion sentiment within investors might also lead to a selloff in the metal amid liquidity needs,” he said. “Hence, gold is not behaving as a safe haven in these volatile times due to these factors.”

Opportunità di mercato
Logo Ucan fix life in1day
Valore Ucan fix life in1day (1)
$0.0004889
$0.0004889$0.0004889
-6.25%
USD
Grafico dei prezzi in tempo reale di Ucan fix life in1day (1)
Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta [email protected] per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.

Potrebbe anche piacerti

U.S. Moves Grip on Crypto Regulation Intensifies

U.S. Moves Grip on Crypto Regulation Intensifies

The post U.S. Moves Grip on Crypto Regulation Intensifies appeared on BitcoinEthereumNews.com. The United States is contending with the intricacies of cryptocurrency regulation as newly enacted legislation stirs debate over centralized versus decentralized finance. The recent passage of the GENIUS Act under Bo Hines’ leadership is perceived to skew favor towards centralized entities, potentially disadvantaging decentralized innovations. Continue Reading:U.S. Moves Grip on Crypto Regulation Intensifies Source: https://en.bitcoinhaber.net/u-s-moves-grip-on-crypto-regulation-intensifies
Condividi
BitcoinEthereumNews2025/09/18 01:09
Rising stablecoins, bullish jobs data, and how crypto is moving past hedge flows

Rising stablecoins, bullish jobs data, and how crypto is moving past hedge flows

The post Rising stablecoins, bullish jobs data, and how crypto is moving past hedge flows appeared on BitcoinEthereumNews.com. The macro setup is gradually tilting
Condividi
BitcoinEthereumNews2026/03/07 02:16
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Condividi
BitcoinEthereumNews2025/09/18 01:37