Oman Oil Terminal Attack Rattles the Market's Last Calm Corner | EN590 Commodities
EN590 Commodities GroupCrude Oil June 05, 2026
Oman Oil Terminal Attack Rattles the Market's Last Calm Corner What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Media reports about a blast disrupting oil loadings at Oman’s main terminal pushed benchmark prices higher earlier today, in the latest sign that any hopes about an end to Persian Gulf hostilities is probably premature. At the time of writing,Brent crudewas trading at $95.37 per barrel, andWest Texas Intermediatewas changing hands for $93.04 per barrel on the futures market, modestly up on Thursday, when prices dropped on reports about a ceasefire between Israel and Hezbollah. Later news coverage, however, revealed that Hezbollah has rejected the U.S.-brokered ceasefire, dam
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