{"id":6864,"date":"2026-07-22T08:17:23","date_gmt":"2026-07-22T08:17:23","guid":{"rendered":"https:\/\/paksouch.com\/?p=6864"},"modified":"2026-07-22T08:17:24","modified_gmt":"2026-07-22T08:17:24","slug":"oil-extends-gains-on-fresh-mideast-supply-risks","status":"publish","type":"post","link":"https:\/\/paksouch.com\/?p=6864","title":{"rendered":"Oil extends gains on fresh Mideast supply risks"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Oil prices extended gains on Wednesday as fears of further supply disruptions intensified after U.S. forces struck Iranian military targets for the 11th straight night, while oil tankers made U-turns \u200bin the Red Sea after warnings by Houthis.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Brent crude futures rose $1, or \u200c1.1%, to $92.01 a barrel at 0330 GMT. U.S. West Texas Intermediate crude climbed 82 cents, or 1.0%, to $85.16.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The gains came after oil settled at a five-week high on Tuesday in the wake of U.S. forces striking targets in southern and \u200bwestern Iran, while Iran attacked U.S. facilities in Bahrain, Kuwait and Jordan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The U.S. military said it \u200bbegan its latest strikes on Iran late on Tuesday in the United States, or \u2060early Wednesday in Iran. The U.S. attacks came a short while after the Kuwaiti army said its \u200bair defences were intercepting Iranian drones on Wednesday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The constant trading of strikes have raised fears of further disruptions \u200bto global energy supplies after Houthis opened a new front in the Iran war by threatening to target vessels carrying Saudi oil in the Bab el-Mandeb Strait and announcing a naval blockade of Saudi Arabia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Bab el-Mandeb \u200bwaterway at the southern entrance to the Red Sea has become an increasingly important route for Saudi \u200bcrude exports as traffic through the Strait of Hormuz has fallen sharply since a ceasefire between the United States \u200cand Iran \u2060collapsed earlier this month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast following a warning from Houthis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Read more:&nbsp;<a href=\"https:\/\/arynews.tv\/marco-rubio-says-us-still-willing-to-negotiate-over-iran-crisis\">Rubio says US still willing to negotiate over Iran crisis<\/a><\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis would force tankers to enter and exit the Red Sea via \u200bthe Suez Canal, adding significant \u200btime and expense to \u2060voyages to Asia,\u201d said ING commodity strategists on Wednesday, adding that tensions in the Black Sea also added to supply uncertainty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Caspian Pipeline Consortium has stopped \u200breceiving oil from Kazakhstan after suspending loadings on Monday due to attacks on \u200boil tankers \u2060at its Black Sea terminal blamed on Ukrainian drones. Ukraine has not commented on the attacks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe longer the suspension drags on, the greater the likelihood that Kazakhstan will be forced to curb upstream production,\u201d said ING.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, data from the \u2060American Petroleum \u200bInstitute showed that U.S. crude and distillate inventories rose last \u200bweek, while gasoline stockpiles fell, market sources said. The inventory data comes ahead of official figures from the U.S. Energy Information \u200bAdministration on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended gains on Wednesday as fears of further supply disruptions intensified after U.S. forces struck Iranian military targets for the 11th straight night,..<\/p>\n","protected":false},"author":1,"featured_media":6865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-6864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"featured_image_urls":{"full":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/Capture-2026-07-22T131523.127.jpg",909,526,false],"thumbnail":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/Capture-2026-07-22T131523.127-150x150.jpg",150,150,true],"medium":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/Capture-2026-07-22T131523.127-300x174.jpg",300,174,true],"medium_large":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/Capture-2026-07-22T131523.127-768x444.jpg",768,444,true],"large":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/Capture-2026-07-22T131523.127.jpg",909,526,false],"1536x1536":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/Capture-2026-07-22T131523.127.jpg",909,526,false],"2048x2048":["https:\/\/paksouch.com\/wp-content\/uploads\/2026\/07\/Capture-2026-07-22T131523.127.jpg",909,526,false]},"author_info":{"info":["admin"]},"category_info":"<a href=\"https:\/\/paksouch.com\/?cat=8\" rel=\"category\">Business<\/a>","tag_info":"Business","comment_count":"0","_links":{"self":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/6864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6864"}],"version-history":[{"count":1,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/6864\/revisions"}],"predecessor-version":[{"id":6866,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/posts\/6864\/revisions\/6866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=\/wp\/v2\/media\/6865"}],"wp:attachment":[{"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paksouch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}