Oil Heads for Weekly Advance With Iran War Resolution at Impasse

Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed with efforts to end the war in limbo, prolonging disruptions that have upended global markets.

By Yongchang Chin, Charles Gorrivan · Bloomberg Markets

Oil headed for a weekly gain as the crucial Strait of Hormuz remains effectively closed with efforts to end the war in limbo, prolonging disruptions that have upended global markets.