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A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and thus on inflation.
They told him they worry their drinking water might be at risk. On Cincinnati Edition, we speak with Zuckerman about his reporting and an academic who tracks fracking in the state of Ohio.
Oil prices have now reversed gains from June 12, a day before Israel struck Iran.
Stocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran The S&P 500 was 0.7% higher in afternoon trading.
The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well as missiles that it could use to make the strait impassable, at least ...
Some oil tankers are rerouting, pausing, or avoiding the Strait of Hormuz amid escalating Middle East tensions and fresh U.S. strikes on Iran, raising fears of a global oil supply shock.
Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows.
President Trump demanded that oil prices be kept low as Iran threatens to close the Strait of Hormuz in response to U.S. strikes.
Iran has threatened to close the Strait of Hormuz, a passage for roughly 20% of the world’s petroleum. Many view the scenario as a scorched-earth tactic and distant possibility.
U.S. and global oil benchmark prices opened up 4% Sunday evening, underscoring the concerns about what the conflict means for the world’s oil supplies.
U.S. strikes on Iranian nuclear sites could push oil prices toward $100 per barrel as experts warn of disruptions to critical shipping routes.
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