US Strikes Iran Targets, Oil Gains With No Accord in Sight

Renewed US attacks near the Strait of Hormuz are threatening a fragile ceasefire, lifting oil prices as traders watch for signs of a US-Iran peace deal. Any reopening or prolonged disruption of the critical waterway could have outsized implications for global energy flows, tanker traffic, and crude benchmarks.

Analysis

Renewed US attacks near the Strait of Hormuz are threatening a fragile ceasefire, lifting oil prices as traders watch for signs of a US-Iran peace deal. Any reopening or prolonged disruption of the critical waterway could have outsized implications for global energy flows, tanker traffic, and crude benchmarks.