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Trump's Hormuz Blockade Could Push Oil Higher, Analyst Says - United States Oil Fund (ARCA:USO)
Gas prices may spike and reach $4/gallon due to U.S.-Iran tensions over the Strait of Hormuz, warns this analyst.
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thehindubusinessline.com
Oil prices today: Brent jumps above $78 as Iran-US tensions escalate
Brent crude climbed above $78 and WTI gained over 3% as escalating Iran-US tensions and threats to Strait of Hormuz shipping raised global supply concerns.
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oilprice.com
Oil Prices Surge 4% as U.S.-Iran Escalation Rekindles Supply Fears | OilPrice.com
Oil prices surged by more than 4% after renewed U.S.-Iran hostilities and competing claims over the status of the Strait of Hormuz reignited fears of major supply disruptions.
