00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Crude oil benchmarks climbed about 8% for a third straight session on Tuesday as the
00:07U.S.-Israeli conflict with Iran expanded, according to Reuters. The widening conflict
00:12disrupted fuel shipments and raised concerns about broader Middle East energy supply disruptions.
00:17Brent crude rose by 7.8% to $83.79 a barrel on Tuesday after touching $85.12,
00:25its highest since July 2024. U.S.-West Texas Intermediate gained $5.31, or 7.5%,
00:34to $76.54 after reaching $77.53. Iran said the Strait of Hormuz is closed and warned it would
00:43fire on ships attempting to pass. Tankers avoided the waterway after insurers canceled coverage.
00:49Qatar halted liquefied natural gas production, and Saudi Arabia shut its biggest refinery.
00:55UAE authorities are dealing with a serious fire at Fujairah port, while Iraq's Kirkuk
01:00loadings stopped at Turkey's Sehan port. U.S. diesel futures rose more than 11% to $3.22
01:06a gallon, and gasoline gained 5% to $2.49. For all things money, visit Benzinga.com.
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