Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize.

As U.S.-Iran talks show little sign of progress, commercial traffic through the Strait of Hormuz remains sharply reduced, raising concerns about global energy markets and supply…

Oil prices are likely to rise further as the Strait of Hormuz remains closed, and once it opens, the market will take months to normalize.