Oil Prices Surge Amid Renewed US-Iran Hostilities and Strikes on Energy Targets
Oil prices climbed to one-month highs as tensions escalated between the US and Iran, with a US naval blockade reinstated and retaliatory strikes launched by Iran.
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Oil prices climbed to one-month highs as tensions escalated between the US and Iran, with a US naval blockade reinstated and retaliatory strikes launched by Iran.
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President Donald Trump announced a naval blockade on Iranian ports and new charges on commercial ships crossing the Strait of Hormuz, unraveling a recent peace agreement and escalating tensions.
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