U.S. Futures Mostly Lower, Oil Price Rises on Middle East Tension
Uncertainty regarding the opening of the Strait of Hormuz and a peace agreement between Iran and the U.S. weighed on sentiment, as Trump said Iran would need to pay compensation before any deal could be agreed.
Gulf States Accept a New Normal in Hormuz: Iran Is in Control
Some of the world's largest energy exporters dislike the emerging deal to reopen the waterway but fear going back to war would be worse.
Why the Real Oil Squeeze Is Happening in Refineries
