Oil jumps as U.S. strikes Iranian targets near Strait of Hormuz
U.S. strikes on Iranian targets near the Strait of Hormuz sent Brent above $95 and WTI over $90, while USO and BNO rallied and defense contractors slipped.
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US futures slip as oil jumps on Iran mine threat
US stock futures slipped Monday as oil jumped after the US military targeted Iranian rocket launchers preparing to deploy mines into the Strait of Hormuz. Fed Chair Kevin Warsh reiterated inflation-reduction focus, strengthening September rate-hike bets.