Energy futures moved lower midday Thursday as markets assessed the latest exchange of military strikes between the U.S. and Iran and the implications for oil flows through the Strait of Hormuz.

Crude oil contracts rose by more than $1 around midday Tuesday after a new round of attacks by Iran on oil tankers near the Strait of Hormuz, while further gains were limited due…

Crude contracts rose more than $5/bbl and refined product futures soared around midday Wednesday after President Trump said a U.S. cease-fire deal with Iran is done, following…