Oil Prices Drop but Expected Weekly Gains Amid Middle East Tensions

Despite a drop of over 3% on Friday, oil prices are expected to see significant weekly gains due to ongoing tensions in the Red Sea and fears of escalation between Iran, Israel, and the U.S. Both Brent crude and WTI futures remain up for substantial weekly increases.

By By Seher Dareen Fri, July 24, 2026 at 1:28 PM GMT+3 2 min read · Yahoo Finance · July 24, 2026, 10:28 UTC

Oil Prices Drop but Expected Weekly Gains Amid Middle East Tensions

Topics: geopolitical_risk oil_prices red_sea_disruption

Read the full article at Yahoo Finance

More World news

Nebius Group Reports Massive Q3 2026 Revenue Growth Driven by AI Cloud Expansion Motley Fool · November 12, 2026, 17:29 UTC
Reagan Institute Launches Society of Fellows to Support Early Career Scholars PR Newswire · November 12, 2026, 17:32 UTC
Global Asset Management Group Signs LOI for $100 Million Affordable Housing Portfolio in Washington, D.C. PR Newswire · November 12, 2026, 17:30 UTC
U.S. Air Conditioner and Heat Pump Shipments Increase 27.3% in September Seeking Alpha · November 12, 2026, 17:27 UTC
Nvidia CEO Jensen Huang Resigns Amid Intelligence Probe Seeking Alpha · November 12, 2026, 17:27 UTC
Oklo and Centrus Energy Sign Multi-Year HALEU Fuel Supply Agreements for Ohio Nuclear Campus Seeking Alpha · November 12, 2026, 17:28 UTC
IRS Announces Increased 401(k) Contribution Limits for 2027 CNBC · November 12, 2026, 17:23 UTC
Bit Digital Announces $865 Million Contract and Commencement of 40MW Billing Seeking Alpha · November 12, 2026, 17:20 UTC
Nvidia CEO Jensen Huang Resigns Amid Investigation and Personal Allegations Motley Fool · November 12, 2026, 17:20 UTC
Argus Research Upgrades Republic Services to Buy Seeking Alpha · November 12, 2026, 17:16 UTC