Iran, Oil
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Energy markets have been on a wild ride as the key Strait of Hormuz waterway remains effectively closed.
Oil prices and stock markets worldwide swung through a shaky Monday with uncertainty about what will happen with the Iran war. The S&P 500 swiveled between gains
President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.
Oil markets jolted higher Monday after Iran threatened to shut the Strait of Hormuz amid escalating tensions in the Middle East. West Texas Intermediate crude surged 7% to about $94 a barrel and Brent climbed 6% to roughly $97,
U.S. markets hovered near all-time highs Monday and oil rose more than 2% after President Donald Trump appeared to dismiss Iran’s response to a U.S. peace plan. Futures for the S&P 500 were essentially unchanged,
In a statement posted to social media, U.S. Central Command said the strikes would be “a proportional response to unjustified Iranian aggression.”