Oil resumes rally as U.S.-Iran fire exchange rattles fragile ceasefire
Oil prices rose on Friday after the United States and Iran exchanged fire in the Strait of Hormuz, raising fears that a fragile ceasefire between the two countries was breaking down. Brent crude and U.S. West Texas Intermediate both climbed as tensions threatened disruption to one of the world’s most important oil shipping routes. The flare-up came amid ongoing accusations from both sides and uncertainty over a possible U.S.–Iran peace … Continue reading Oil resumes rally as U.S.-Iran fire exchange rattles fragile ceasefire
