Wall Street futures are mixed while oil prices are stabilizing after Trump said the U.S. Navy could escort tankers through the Strait of Hormuz, where about a fifth of the world’s oil passes.

LONDON: Oil prices rose 3 percent on Wednesday as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President…

The oil market has calmed after President Donald Trump said the U.S. would insure tankers and provide naval escorts if necessary.

Wall Street futures are mixed while oil prices are stabilizing after Trump said the U.S. Navy could escort tankers through the Strait of Hormuz, where about a fifth of the world’s…