Oil prices slip as Middle East tensions fade
The oil price response to the seizure of a British oil tanker by armed Iranian forces ‘has been amazingly muted’
23 July 2019 - 14:39
London — Oil slipped to about $63 a barrel on Tuesday as the concern faded for now that rising tension in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.
Iran’s capture of a British oil tanker late last week sparked concern about supply disruptions in the Strait of Hormuz, through which about a fifth of the world’s supply flows...
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