Oil whipsaws 16 per cent in a week on Iran deal hopes, and AI's energy bill rides along
Brent crude fell more than 16 per cent to $98.32 in the week to 6 November as traders bet on a US–Iran agreement, even as tanker attacks in Hormuz continued at near-record pace. For AI operators the energy shock matters most through gas-linked electricity prices in Europe and Asia and through the cash Gulf states have left to invest.
