Crude oil has surged as concerns grow over a deeper Middle East escalation after Iran remains reluctant to reopen the Strait of Hormuz. The move follows a U.S. ultimatum to Iran that expires tomorrow, raising risks to shipping through a key oil chokepoint and putting upward pressure on energy prices and supply-chain risk.
Crude oil has surged as concerns grow over a deeper Middle East escalation after Iran remains reluctant to reopen the Strait of Hormuz. The move follows a U.S. ultimatum to Iran that expires tomorrow, raising risks to shipping through a key oil chokepoint and putting upward pressure on energy prices and supply-chain risk.
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mildly negative
Sentiment Score
-0.30
