Oil Prices Surge Amid U.S.-Iran Tensions

Oil prices jumped on Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries is rapidly unraveling.

American forces have started ninth consecutive night of strikes against Iranian targets.

Oil prices rose and U.S. stock-index futures slipped on Sunday, after the U.S. and Iran continued their tit-for-tat attacks around the Strait of Hormuz over the weekend.

Oil futures moved higher late Thursday while stock-index futures were little changed after the U.S. and Iran exchanged fire in the Persian Gulf, and after a federal court struck down President Donald Trump’s backup tariff plan.

Oil prices have jumped over as the conflict between the U.S. and Iran heats back up. U.S. benchmark WTI crude was trading at about $79 per barrel on Tuesday, up from about $74 per barrel since the start of trading on Monday morning and about $72 late last week. International benchmark Brent crude wa

Oil prices rose on Wednesday as escalating tensions between the U.S. and Iran fueled concerns over further disruptions to Middle East energy supplies,

Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.