Oil prices climbed Friday following attacks on Saudi energy infrastructure and concerns over the Strait of Hormuz closure. Despite a U.S.-Iran ceasefire, fighting persists, with markets closely watching tanker flows. Attacks have significantly impacted Saudi output and refining capacity, creating a measurable supply shock.
Markets stay resilient even as geopolitical uncertainty lingers: Ed Yardeni
Global markets signal resilience despite Middle East geopolitical tensions and uncertain ceasefire talks. Market strategist Ed Yardeni notes that while the ground reality remains volatile,