Wall Street Slips as Strait of Hormuz Hopes Fade and Crude Surges
Wall Street closed lower as hopes for reopening the Strait of Hormuz faded following new demands from Iran and fresh attacks on oil tankers. The S&P … Read more
global energy markets
Oil Prices Rise as Iran Ties Strait of Hormuz Reopening to US Concessions
Brent crude prices climbed more than 1 percent on Monday as Iran insisted the Strait of Hormuz will not reopen without major U.S. concessions, including war … Read more
Iran Nears Oman Deal on Strait But Reopening Stalls
Iran announced on Saturday that a deal with Oman regarding control of the Strait of Hormuz is nearing finalization, though officials stressed it will not automatically … Read more