Oil Swings as Risk-Off Mood Vies With Increased Iranian Threats
- Iran warns Israel against attacking its nuclear facilities
- WTI holds near three-week lows amid dollar’s strength
Oil remains higher year to date as geopolitical risks in Russia and the Middle East, as well as supply cuts from OPEC+, aided prices.
Photographer: Benjamin Girette/BloombergOil fluctuated as markets weighed Iran’s threats on Israeli nuclear sites against a stronger US dollar.
West Texas Intermediate settled little changed below $83 a barrel after swinging between gains and losses in nearly a $2 range, ultimately leaving crude near the three-week low it reached on Wednesday.