Oil Surges Back to $115 and Stocks Fall as the Market Is Back on a War Footing

Oil surges back to $115 and stocks fall as the market is back on a war footing

Iranian attacks against the UAE compounded tensions that had been building over conflicting reports of military encounters in the Strait of Hormuz

Fresh Gulf hostilities send oil higher and stocks lower

Iran launches attack on UAE Dow Jones down 1.1% Mubadala remains bullish Crude prices jumped after Iran resumed attacks against the UAE and vessels trying to transit the Strait of Hormuz on Monday. Brent contracts rose sharply on Monday night but were down slightly at $113.09 per barrel at 03:02 GMT on Tuesday. West Texas Intermediate contracts followed a similar pattern and were at $104.29, down 2 percent. Brent reached $126 last week.  Iran la…

Oil jumps to $115 in the wake of suspected attacks in Gulf

• Pakistan hands over 15 crew members to Iranian authorities • UAE says air defence intercepted three missiles from Iran • South Korea suspects attack on cargo ship near Strait of Hormuz • Revolutionary Guards say no commercial ships or oil tankers passed through strait Global oil prices rose sharply on Monday after reports of attacks in the United Arab Emirates and rising tensions in the Strait of Hormuz, a key route for global energy supplies.…

The UAE says Iran resumes attacks as the U.S. moves to reopen the Strait of Hormuz - TPR: The Public's Radio

The U.S. military said it helped two merchant ships transit the Strait of Hormuz, and the United Arab Emirates said it was fending off Iranian missiles and drones. The post The UAE says Iran resumes attacks as the U.S. moves to reopen the Strait of Hormuz appeared first on TPR: The Public's Radio.

The U.S. fights to reopen the Strait of Hormuz as UAE says it's attacked by Iran

The U.S. military said it battled Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz, while the United Arab Emirates said Iran fired missiles and drones its way.