The New York Times·1 min read·medium
Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk
✦AI Summary
Oil prices have risen following military exchanges between U.S. and Iranian forces in the Persian Gulf. The Trump administration has also revoked an oil-sale waiver for Iran in response to tanker attacks.
Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in the Persian Gulf and the Trump administration revoked a waiver that allowed Iran to sell oil in retaliation for attacks on tankers in the Strait of Hormuz, a crucial condu... [613 chars]
businessworldeconomy
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