Oil prices rose Wednesday after the U.S. and Iran traded military strikes, ending weeks of relative calm in the Middle East, as they contest control of the Strait of Hormuz. Brent crude futures, the international benchmark, gained about 1% to close at $95.63 per barrel. U.S. West Texas Intermediate advanced nearly 1% to settle at $91.01 per…
U.S. forces struck Iran on Tuesday, the second series of attacks in three days. Meanwhile, lawmakers reacted to the resignation of U.S. Army Secretary Dan Driscoll, part of a wave of about two dozen early departures among America’s generals, admirals and top military brass. Weijia Jiang reports.
The recovery of shipping through the Strait of Hormuz appeared to have stalled Thursday, with just six tankers making the transit through the gateway to the Persian Gulf, according to data from the Kpler trade intelligence group. Wednesday saw 21 such vessels transit the waterway, but it also saw a sharp escalation in tit-for-tat attacks…
