Oil Market Calm Shattered by Fresh Hostilities Between US and Iran

She reports that oil market stability has been disrupted by renewed tensions between the US and Iran. The ongoing conflict is expected to keep oil prices volatile due to the critical role of the Strait of Hormuz in global oil trade. As long as the US and Iran fail to resolve their differences over the strait, market uncertainty is likely to persist. Rising tensions between the two nations may lead to further price fluctuations in the oil market.

✦ AI-generated summary