Mixed messages on Strait of Hormuz create uncertainty for oil

AI Summary

Mixed statements from the U.S. and Iran regarding the Strait of Hormuz have created uncertainty about the security and future operation of this key global oil shipping route. Iranian threats to close the strait contrast with U.S. affirmations that it remains open amid regional tensions.

Mixed messages from the U.S. and Iran on the Strait of Hormuz are injecting further uncertainty into the future of the waterway and global oil supplies. Over the weekend, the Iranian military said that it would close the strait in response to Israeli strikes in Lebanon. At the same time, Washington said the waterway was open.  U.S.…