NYSE:BNO

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$51.20
-1.28 (-2.44%)
At Close: Jun 05, 2026
An unsteady market now faces huge, and undefined, risks tied to a prolonged conflict in the Persian Gulf.
The question is how high could oil prices go in the case of a sustained conflict.
Renewed conflict in the Middle East poses a fresh headache for Asia's central banks, reviving inflation risks just as price pressures had steadied across much of the region.
The European Commission does not expect the widening conflict in the Middle East to have any immediate impact on the European Union's security of oil supply, it said in an email seen by Reuters on Mon
Asia depends on oil and gas from the Middle East, making it highly vulnerable if the widening conflict following Israeli and U.S. attacks on Iran causes prolonged supply disruption.
Brent crude prices hovered around $80 a barrel and stocks fell across the globe as markets reacted to widening conflict in the Middle East.
International oil benchmarks rallied as military attacks in the Middle East threaten global energy supplies.
The velocity of the rebound is particularly noteworthy — price behavior of this nature is characteristic of institutional accumulation rather than opportunistic retail buying.
Shell PLC and BP PLC shares were among the biggest risers on the FTSE 100 on Monday as oil and gas prices spiked after the US and Israel carried out military strikes on Iran, sparking retaliatory
Amrita Sen, Founder and Director of Research at Energy Aspects, tells CNBC's Ritika Gupta that there is more oil and LNG transitting through the Strait of Hormuz than some data suggests. She says disr
S&P 500 and Nasdaq-100 futures drop more than 1.5%
The widening Iranian conflict is disrupting oil flows to several Asian countries as vessels are bottled up within the Middle East Gulf and crude and transport costs are rising, industry sources and an
Oil prices surged on Monday as the unfolding conflict in the Middle East intensified. As markets monitor potential supply disruptions Energy Aspects' Amrita Sen expects prices to hold at $80 a barrel.
Crude prices surged after massive U.S.-Israel attacks against Iran raised fears of a wider regional war and prolonged disruption to energy flows through the Strait of Hormuz.
Oil prices surged late Sunday with Brent crude briefly hitting $82.37, amid growing fears of Middle East supply disruptions as the Iran conflict escalates.
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