Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes

🇺🇸 Bloomberg (US) —

AI Summary

Oil prices rose following US military strikes against Iran amid ongoing disputes over control and accessibility of the Strait of Hormuz. Energy markets remain uncertain as geopolitical tensions escalate between the two nations.

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz. (Source: Bloomberg)

World Security Conflict Politics Markets Commodities Energy oil prices US strikes Iran Hormuz Strait energy markets geopolitical tension market uncertainty

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