Oil holds gains as U.S.-Iran strikes cloud Hormuz reopening hopes
Oil prices were holding Tuesday’s gains after overnight U.S. and Iran strikes, with prospects for a near-term deal to reopen the Strait of Hormuz clouded by the escalation.
Oil prices hold onto Tuesday's gains after the U.S. and Iran exchanged strikes overnight, clouding prospects for a near-term deal to reopen the Strait of Hormuz. "These latest developments have underscored the lack of a realistic path towards normalizing maritime traffic through the Strait," says R…