Oil prices rise amid US-Iran tensions

Oil prices climbed on Monday, driven by renewed tensions between the United States and Iran, alongside market challenges in assessing Gulf export volumes. Brent crude futures for October delivery increased by 2.66% to $90.87 per barrel, while US benchmark West Texas Intermediate (WTI) for September delivery rose 2.55% to $84.50.

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The government's investing a lot in women's health at the moment... and there is a really practical step that they could be taking to reduce that gap.

The market reacted to President Donald Trump's threat to bomb Oman if it "interferes" in a deal concerning the Strait of Hormuz. Muscat and Tehran have been in discussions regarding the strategic maritime passage. Iran's Foreign Ministry spokesperson, Esmail Baqai, stated that a 60-day negotiation period for a peace agreement is no longer valid due to US "violations."

These developments have overshadowed previous concerns about demand, according to David Morrison, an analyst at Trade Nation. "They have largely overshadowed last week's warnings about demand," he noted.

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We're not asking the government to build a new system, we're asking it to strengthen an existing one by recognising that women's physical and mental health are inseparable.

Uncertainty about oil exports from the Gulf region also contributed to the price increase. Experts suggest the market might be underestimating the volume of oil leaving the Middle East. US Energy Secretary Chris Wright mentioned on Monday that the military, through its escorts, is facilitating the daily movement of "eight or nine million barrels of oil" through the Strait of Hormuz.

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Women are being asked to manage two separate journeys, one for their body and one for their mind, and to find their own way between them at the point they are least able to.