Oil climbs about 1% as US-Iran clashes threaten global supply
TL;DR Summary
Brent and U.S. oil futures rose about 1% as renewed U.S.–Iran strikes fanned worries about tighter global supply, with traffic through the Strait of Hormuz constrained and inventories drawing, while markets also monitor OPEC+ policy expectations and broader energy tensions.
- Oil rises, as US-Iran strikes risk limiting already impaired supplies Yahoo Finance
- Iran war updates: IRGC says ‘decisive control’ over Strait of Hormuz Al Jazeera
- Oil prices fall for the week on U.S.-Iran talks stalemate CNBC
- Oil settles lower on clues about Fed policy, rumors of Hormuz deal reuters.com
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