Oil Gains 3% After U.S.-Iran Strikes
Oil prices jumped 3% after the U.S. and Iran exchanged strikes and after Washington reimposed sanctions on Tehran's crude sales.
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 the interim peace deal.
Rising Gulf Oil Output Sets Stage for Market Share Battle
