Oil Falls as Traders Digest Escalation in US-Iran Strikes

Summary Iran closes Strait of Hormuz, threatens to fire on vessels attempting passage Talks intensifying to reach deal, Iranian sources say U.S. launches additional strikes on Iran, escalating tensions after fragile ceasefire U.S. crude inventories fall sharply, EIA reports 7.2 million barrel crude draw (Reuters) – Oil prices ‌fell on Thursday, following earlier gains triggered … Read more