Oil Falls Despite Vessel Hit in Hormuz

Oil prices fell as the market focuses on the resumption of flows through the Strait of Hormuz despite an Iranian attack against a cargo ship reawakening concerns about shipping risks.

Oil Prices Make a Stunning Retreat to Prewar Levels. Where Do We Go From Here?

While a surge of tankers have exited the Strait of Hormuz, the market is expected to tighten again.

A world rejecting OPEC controls could usher in oil below $50 a barrel