Oil prices dip briefly as markets await Iran response to US strike
Oil prices briefly fell into the red on Monday after surging in response to U.S. strikes on Iran's nuclear facilities over the weekend, as traders weighed possible retaliation by Iran.
The international benchmark Brent and main US crude contract WTI rose back slightly around 0915 GMT, with eyes focused on the likelihood of Tehran blocking the Strait of Hormuz, which 20 percent of the world's oil passes through.
Comments
0
