Shares of energy companies rose along with oil prices as reports of an Iranian attack on a cargo ship in the Strait of Hormuz raised concerns about how smooth the reopening of the waterway will be.

Oil rises slightly early Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.

Oil prices edged higher on Tuesday after a sharp decline in the previous session, as investors weighed cautious optimism over US-Iran peace talks against uncertainty surrounding…

Shares of energy companies rose as oil futures levelled off.

Oil Futures Pick Up on Strait of Hormuz Concerns

Shares of energy companies rose along with oil prices as reports of an Iranian attack on a cargo ship in the Strait of Hormuz raised concerns about how smooth the reopening of the…

Brent rebounded to close near US$75 after earlier erasing all of its wartime gains in the session. Read more at straitstimes.com. Read more at straitstimes.com.

Oil Falls Despite Vessel Hit in Hormuz