The Commodities Feed: Oil moves higher on latest US-Iran escalation

🇺🇸 Hellenic Shipping News (US) —

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Oil prices surged following renewed US military strikes against Iran amid escalating tensions, with US inventories falling as a result. President Trump warned Iran of further strikes if no agreement is reached, while Iran threatened closure of the Strait of Hormuz in response.

Energy – US oil inventories continue to decline After moving higher yesterday, oil prices have continued to rally in early morning trading today amid additional US strikes in Iran. President Trump threatened Iran that more strikes will follow if it doesn’t agree to a deal; Iran said the Strait of Hormuz will be closed until ...

World Security Conflict Politics Markets Commodities Energy Shipping oil prices US-Iran tensions military strikes Strait of Hormuz oil inventories President Trump Iran

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