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Updated · Bloomberg · Jun 9Oil Par es Losses Near $91 as Trump Blames Iran for US Helicopter Downing
3 articles · Updated · Bloomberg · Jun 9Summary
- Brent crude steadied around $91 a barrel and WTI near $88 after oil trimmed earlier losses in late trading.
- Trump’s accusation that Iran shot down a US military helicopter, coupled with a vow to respond, revived fears of renewed clashes.
- Those tensions raised the risk that conflict could drag on and further strain global energy supplies, keeping the broader energy crisis in focus.
Insights
Are gold and the U.S. dollar the only safe havens left for investors in this escalating energy conflict? With the Strait of Hormuz nearly closed, could this helicopter incident trigger a global recession? As the U.S. and Iran negotiate peace, are their military clashes a prelude to a deal or a wider war?