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Rigzone Industry News

1. Oil Managed Slight Gain as Risk Premium Falls

   Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude.

2. What Would an All-Out War in the Middle East Mean for USA Gasoline Prices?

   'It would mean extreme price volatility,' EIR warned.

3. Iran-Israel Conflict Has Potential to Further Disrupt Shipping Industry

   'The risk profile for commercial vessels operating in the region remains at severe/critical,' Dryad stated.

4. Iran Acknowledges Drone Attack by Israel and Says It Failed

   Israel launched a retaliatory strike on Iran following last week's missile and drone barrage from Tehran, according to two U.S. officials.

5. Analysts Believe Oil Market Is Underpricing Risk

   Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.