The New York Times·2 min read·medium
Oil Rises After Weekend of Back-and-Forth Strikes by U.S. and Iran
✦AI Summary
Oil prices rose by approximately 3.5 percent following a weekend of retaliatory strikes between the United States and Iran in the Persian Gulf. The escalation has renewed concerns regarding the stability of shipping routes through the Strait of Hormuz.
The continued cycle of attacks between Iran and the United States in the Persian Gulf posed fresh risks to ships seeking to navigate the Strait of Hormuz, testing markets on Sunday. Brent crude, the international oil benchmark, opened about 3.5 perce... [651 chars]
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