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Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz
Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies. U.S. crude oil futures were up 3.4% to $73.87 per barrel by 6:03 p.m. ET. Brent futures, the international benchmark, traded 3.5% higher at $78.67. The U.S. military launched another wave of strikes Sunday against Iran after hitting 140 targets on Saturday, according to U.S. Central Command. The strikes are in response to an attack by the Islamic Revolutionary Guard Corps on a container ship transiting Hormuz. Iran responded Sunday ... (full story)
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Patriot22
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The U.S. military said it launched another round of strikes on Iran after the Islamic Revolutionary Guard Corps struck a container ship traveling through the Strait of Hormuz on Sunday. A series of attacks between the U.S. and Iran over the past several days led President Donald Trump to declare the end of a ceasefire meant to halt the fighting that the ...
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Iran responded to a fresh wave of strikes from U.S. forces by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz. The latest exchange casts further doubt over the future of the interim peace agreement signed last month, a deal that had sought to pave the way to reopen the ...
