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Benzinga
Benzinga
Business
Ananya Gairola

Strait of Hormuz Tensions Flare Again as US Strikes Iran Over Attack on Ships: Oil Climbs, Dow Futures Head Lower

Iran Oil United States Donald Trump the Strait of Hormuz CENTCOM Middle East Tehran US Central Command
Usa,And,Iran,Flags,Overlapping,A,Middle,East,Map,With

Late Tuesday, U.S. military strikes on Iran renewed fears of a wider Middle East conflict, sending oil prices higher and weighing on equity futures as investors monitored the security of the Strait of Hormuz, one of the world’s most critical energy shipping routes.

Oil Prices Rise As Markets Turn Cautious

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