Why the Strait of Hormuz Matters to Oil Prices, and What a Wider Conflict Could Mean
The Strait of Hormuz is a narrow stretch of water between Iran and Oman, but its importance to the global economy is enormous. Before the...
Brent crude
Stocks Fall, Oil Nears $95 as U.S.–Iran Escalation Deepens Global Bond Rout
LONDON/NEW YORK — Global stock markets fell Wednesday, while government bonds extended a sharp selloff, after renewed U.S. military strikes on Iran pushed oil prices...
Oil Prices After Hormuz Reopening: Why the Market Is Falling and What Comes Next
The reopening of the Strait of Hormuz is pulling oil prices lower fast, as traders price in a surge of Gulf supply, thinner geopolitical risk...