Oil Markets Hinge on Strait of Hormuz Diplomacy as US-Iran Conflict Escalates, Macquarie Says
() -- Renewed US-Iran fighting lifted crude prices and placed the Strait of Hormuz back at the center of oil market risks, with diplomacy over control of the waterway likely to determine whether tensions ease or persist, Macquarie said in a Wednesday note. Unlike previous flare-ups, the latest conflict did not stem fro