– Israel Hamas conflict and potential U.S. weapons shipment to Saudi Arabia impacting oil prices
– IEA report forecasting lower oil demand growth in 2025 causing prices to trend lower
– Brent crude trading down 1.68% at $80.91 per barrel, WTI crude trading down at $78.62 per barrel
– United States lifting restrictions on bomb sale to Saudi Arabia may improve relations but heat up tensions in the Middle East
– Saudi Arabia military renewing strikes against Houthi rebels in Yemen
– Other news articles on oil industry updates, including Russia cutting crude exports to China and India, Nigeria losing money on crude oil exports, and U.S. crude inventories falling