Crude oil contracts were solidly higher around midday Wednesday following new strikes between the U.S. and Iran, testing a fragile cease-fire and dimming the chance of reopening the Strait of Hormuz anytime soon.

Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.

Oil prices held steady Tuesday, following Monday's surge, as global markets weighed U.S.-Iran ceasefire talks and the potential reopening of the Strait of Hormuz. Conflicting…

Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of…

Crude futures traded mixed midday Tuesday as markets weighed conflicting signals surrounding U.S.-Iran negotiations.

Middle East tensions escalated as Iran launched missiles, prompting U.S. strikes and rattling oil markets. Brent and WTI crude prices saw a notable increase. Diplomatic efforts…

Prices rise for third day as fresh fighting flares up in the Middle East

Crude oil contracts were solidly higher around midday Wednesday following new strikes between the U.S. and Iran, testing a fragile cease-fire and dimming the chance of reopening…