US EditionOil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers
Benchmark crude rose 5.6% as traders feared prolonged disruption to a route carrying about a fifth of the world’s oil supply, analysts said.
- On Monday, oil prices climbed more than 5% as Iran re-closed the Strait of Hormuz, halting tanker traffic and reigniting fears of sustained energy supply disruption.
- Tehran reversed its decision to open the passage on Saturday, citing U.S. 'breaches of trust' over the naval blockade; President Donald Trump maintained the blockade remains 'in full force' pending a deal.
- U.S. forces intercepted and seized the Iranian-flagged cargo ship Touska on Sunday after its crew ignored warnings to stop; Iran condemned the seizure as 'maritime piracy' and vowed retaliation.
- Energy Secretary Chris Wright said gasoline prices might not fall below $3 a gallon until next year, as the 50-day disruption has blocked nearly 600 million barrels of oil.
- A fragile two-week ceasefire is set to expire on Wednesday, while Iran denied reports it would attend a second round of negotiations in Islamabad, raising uncertainty over diplomatic prospects.
193 Articles
193 Articles
Martinsville Bulletin
Oil prices rise and US stocks give back a bit of their record-breaking rally
Oil prices are climbing following the latest rise of U.S.-Iran tensions, but the moves are more modest than they were earlier in the war. U.S. stocks are meanwhile giving back a bit of their record-breaking rally Monday. The S&P 500…
Pittsburgh Post-Gazette
Investment ExecutiveOil prices rise and U.S. stocks give back a bit of their record-breaking rally
NEW YORK — Oil prices are climbing Monday following the latest rise of tensions between the United States and Iran, but the moves are more...
The oil shoots and the exchanges abandon last week's optimism in the face of the closure of the Strait of Ormuz and the rising tensions between the U.S. and Iran that distance an agreement for a new ceasefire. Ibex 35 closed Monday's session by 1.21 per cent, up to 18,260.90 points, at levels of April 14. The Madrid Stock Exchange thus moved away from last Friday's recovery - Iran announced the opening of Ormuz and the oil dropped by more than 1…
Stocks tumble and oil prices rise as US-Iran ceasefire uncertain before deadline
Stock Market Wall Street (Matteo Colombo/Getty Images) (NEW YORK) — Stocks dipped and oil prices rose in early trading on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and Iran a day before it’s set to expire. The Dow Jones Industrial Average fell 25 points, or 0.07%, while the S&P 500 dropped 0.1%. The tech-heavy Nasdaq declined 0.1%. U.S. Marines seized an Iran-flagged container ship in t…
Chicago Tribune
Oil prices jump and Wall Street slides with US, Iran clashing in the Strait of Hormuz
Oil prices climbed more than 5% and Wall Street veered toward losses before the opening bell Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz.
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