Oil Steady After U.S.-Iran Strikes Cloud Hormuz Reopening Hopes
📡 Barrons · 1 min read ·
Part of composite article U.S. Strikes Iran Twice in 24 Hours as Tankers Hit Mines in Strait of Hormuz View full article →
Oil prices held onto Tuesday’s gains on Wednesday after the U.S. and Iran exchanged overnight strikes, reducing the chances of a quick deal to reopen the Strait of Hormuz. The waterway is a critical passage for global crude shipments, and traders are now pricing in a longer period of disruption. No immediate talks were announced, and the market remains focused on supply risks in the region.