Oil Markets React to Iran Tensions and U.S. Strikes
TL;DR Summary
Global oil markets are highly volatile following US strikes on Iran, with fears of escalation threatening energy infrastructure and shipping routes in the Middle East, especially the Strait of Hormuz, leading to potential sharp increases in oil prices depending on Iran's response.
- Oil Markets on Edge as Iran Vows Retaliation Crude Oil Prices Today | OilPrice.com
- What is the Strait of Hormuz and why is it so significant? CNN
- Morning Bid: Oil keeps calm, MidEast conflict carries on Reuters
- Oil Prices Climb as Traders Gauge Fallout From U.S. Strikes on Iran The New York Times
- Stock futures tick lower as traders monitor oil prices, Iran response to U.S. bombing: Live updates CNBC
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