Oil jumps above $94 a barrel after U.S. strikes Iran in Hormuz
Oil prices surged above $94 a barrel and settled at a 6-week high after U.S. strikes Iran in Hormuz. One analyst said prices may not return to “levels of violence” from the conflict’s start.
By Isabel Wang and Nora RedmondDespite the recent gains, one analyst says that oil prices will not return to the 'levels of violence' seen at the start of the conflictThere has been a sharp decline in commercial vessels traveling through the Strait of Hormuz.Oil prices on Tuesday extended their rec…