Oil Gains as Hormuz Shipping Risks Sustain Geopolitical Concerns
Oil prices rise in early European trading amid threats to Strait of Hormuz shipping and fears the U.S. could resume strikes against Iran. A market source sees an upside skew until geopolitical conditions become clearer.
Oil prices rise in early European trading, driven by persistent threats to shipping in the Strait of Hormuz and fears that the U.S. could resume military strikes against Iran. "Oil prices will continue to see an upside skew until there is clarity on the geopolitical conditions in the Middle East, w…