Crude Jumps As U.S. Revokes Iran Authorization to Sell Oil
Oil futures were sharply higher as the U.S. revoked Iran's license to sell oil in response to Iranian attacks on ships in the Strait of Hormuz.
U.S. and Iran Exchange Strikes in Latest Threat to Fragile Ceasefire
Earlier the U.S. revoked a waiver allowing Tehran to sell oil, eliminating a key incentive for Tehran in interim peace deal.
Rising Gulf Oil Output Sets Stage for Market Share Battle
