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Crude Oil Skyrockets As U.S. Begins Second Wave Of Attacks On Iran
Source: Nasdaq
Energy Markets & PricesGeopolitics & WarSanctions & Export Controls
Crude oil prices surged on Tuesday as expectations for a near-term reopening of the Strait of Hormuz were pushed out after the U.S. launched another fresh wave of attacks on Iran. The delay in potential shipping-risk normalization supported a renewed risk premium in oil, driving prices higher following the prior session’s rally.
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