Iran-Israel Conflict: Market Resilience Amid Heightened Tensions

Over the weekend, Iran’s retaliation against Israel’s destruction of the Damascus Embassy sparked concerns of impending war, yet market reactions remained subdued. While tensions simmered, oil and gold prices maintained their upward trajectory without experiencing a significant surge.

Simultaneously, the bitumen market continued its upward movement, initiated in mid-March, with rates gradually increasing across different regions. Even in Europe, there was a notable uptick.

In the Middle East, steel drum bitumen ranged from $360 to $365, while bulk bitumen prices hovered between $280 and $285. Singapore’s bulk market showed volatility between $410 and $420, while South Korea’s prices ranged from $400 to $410. Bahrain’s bulk price closed the year at $385 USD. For further details or bitumen inquiries, please reach out. Click here to contact.