Oil prices climbed more than 2% Tuesday as renewed attacks on commercial shipping near the Strait of Hormuz and fresh Ukrainian strikes on tankers linked to Russia's "shadow fleet" reminded traders that geopolitical risks still pose a real threat to supply.
Oil Prices Rise as Fresh Tanker Attacks Stoke Risk Premium
More strikes on commercial vessels in the Strait of Hormuz served as a reminder that geopolitical risks in the Middle East are far from resolved.












