Brent crude falls below $102 as Iran conflict risks threaten Middle East supplies

  • Brent crude fell below $102 per barrel after two consecutive sessions of gains.
  • The Pentagon considered deploying another carrier and 10,000 sailors and Marines to the Persian Gulf.
  • At least three tankers were attacked this week while transiting the Strait of Hormuz.

Brent crude fell below $102 per barrel on Friday after rising for two straight sessions, as investors assessed the risk that renewed conflict between the US and Iran could disrupt Middle East energy supplies. The Pentagon was considering sending another aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, potentially giving President Donald Trump more options if he decides to intensify attacks on Iran. Trump has reportedly told aides he expects bombing of Iran to resume after the November midterm elections. Crude flows from the region have largely returned to prewar levels, but markets remain uncertain whether that recovery can continue without a lasting agreement to end the conflict. At least three tankers were attacked this week while crossing the Strait of Hormuz, and Iran and its Houthi allies also targeted refineries across the region.

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Brent crude falls below $102 as Iran conflict risks threaten Middle East supplies - CoinPost Terminal