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Oil Rises as World Awaits Possible Reaction From Iran
Oil surged on the attacks and the price of a barrel is now around $75, about $10 more than it was two weeks ago. Shipping interests are watching to see whether Iran chooses to interrupt global oil shipments that pass through the Strait of Hormuz, a narrow stretch of water that links the Persian Gulf to the Gulf of Oman.
Oil and gas prices rose after the U.S. struck Iran’s nuclear infrastructure over the weekend, but the gains moderated early ...
Stocks rose Monday, with oil prices declining, following a restrained response by Iran to U.S. attacks over the weekend.
5don MSN
U.S. stocks are drifting higher on Wednesday as Wall Street waits to hear where the Federal Reserve may be taking interest ...
Aegis Hedging, which handles hedging for roughly 25-30% of U.S. output, according to internal estimates, saw a record volume ...
If Iran moves to blockade the Strait of Hormuz, prices could spike, but analysts see that scenario as unlikely for now.
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