U.S.-Iran fire exchange rattles fragile Hormuz ceasefire
In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil prices were lower on Friday, erasing gains after the U.S. and Iran exchanged fire in the strategically vital Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was…
