World
Oil holds gains as fresh US-Iran attacks and Kazakh export risks support prices
Oil is holding its gains as fresh attacks between the United States and Iran and risks to Kazakh exports support the market, Bloomberg reports. Energy markets have faced another volatile period this month, with fighting resuming after a brief pause in hostilities. The conflict is also spreading beyond the Strait of Hormuz: rebels in Yemen are threatening to block Saudi Arabia in the Red Sea, while Riyadh’s forces have joined the United States in striking Iran-backed militant targets in Iraq.