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5Oil Rises to $94 Following Houthi Attack on Aramco Refinery and Strait of Hormuz Tensions
Brent rose to $94 per barrel, up 3.3% for the week, driven by a Houthi attack on an Aramco refinery in Jazan and tensions in the Strait of Hormuz, through which 20% of global oil passes.
النفط يتخطى 93 دولاراً وأمريكا تُشدّد العقوبات على شبكات الشحن الإيرانية
ارتفع خام برنت أكثر من 5% خلال أسبوع إلى 93.5 دولاراً مع تصاعد العقوبات الأمريكية على الشحن الإيراني وضربات أوكرانية على البنية الطاقوية الروسية.
Shell Shares Jump 16% From Lows as Adjusted Profit Reaches $9.8 Billion
Shell shares rose 2-3% to reach 3,345 pence after the company reported adjusted profits of $9.8 billion and reduced costs by $5.8 billion since 2022.
BP Profits Rise to $5.7 Billion and Its Shares Recover 18% From Lows
BP achieved profits of $5.7 billion in the second quarter compared to $3.2 billion last year, while its shares rose 3% to trade at 534 pence.
Trump Closes the Door on Diplomacy with Iran as Brent Holds at $91
Trump announced that there are no scheduled talks with Iran following the expiration of the 60-day deadline, while Brent crude held at $91.75 with the likelihood of a nuclear deal not exceeding 23%.