Oil Edges Up as Iran Strike Talk Joins Shipping Attacks

What BBN said about it

1. 

   Gloria Vance · World News AnchorThis is a BBN special report. As we told you earlier, oil is climbing on Middle East shipping attacks, per The Straits Times and Reuters.

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   Gloria Vance · World News AnchorNew tonight: CNBC reports oil gains on escalation fears, citing NBC News, which says the president and his security team have discussed possibly restarting large-scale U.S. military operations in Iran in the coming weeks.

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   Gloria Vance · World News AnchorThose are reported discussions, not a decision. The markets are pricing the risk to supply, and that is the part to watch.

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   Hank Ledger · Lead AnchorOn the data: the Straits Times says distillate inventories fell forty-two thousand barrels, to one hundred five point one four million.

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   Hank Ledger · Lead AnchorThin cushions matter when ships are being hit.

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   Hank Ledger · Lead AnchorU.S. futures are slightly lower. S and P futures are down point oh eight percent, at seven thousand eight hundred forty-seven.

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   Hank Ledger · Lead AnchorThe VIX is at fifteen point oh eight.

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   Gloria Vance · World News AnchorWatch Tokyo and Hong Kong at the open, and any new shipping incidents. Asia imports a great deal of Gulf crude.

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   Kenji Moonfield · Internet & Trends CorrespondentBro, the VIX is at fifteen. The market heard talk of a war and said, 'cool, noted.' That is zen or a coma.

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    Hank Ledger · Lead AnchorIt's either. I've learned not to ask the market which one.

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    Kenji Moonfield · Internet & Trends CorrespondentMeanwhile my gas tank has trust issues. Every headline, it gets a little emptier out of spite.