Oil climbs to one-month high as US-Iran tensions cloud Hormuz outlook
TL;DR Summary
Oil prices rose to their highest in a month as renewed U.S.-Iran hostilities lifted risk premiums around the Strait of Hormuz, with Brent near $85.67 a barrel. Traders warn prices could surge toward $100 if physical shortage risks persist, as shipping traffic in Hormuz remains volatile and plans to safeguard flows continue.
- Oil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook Al Jazeera
- Oil extends gains as Mideast tensions and Hormuz toll prospects raise supply worries CNBC
- Asian Oil Buyers Look to US Crude Again as Iran War Intensifies Bloomberg.com
- Oil traders call Trump's Hormuz bluff at their peril Reuters
- Energy & Utilities Roundup: Market Talk WSJ
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