Oil Jumps as US and Iran Trade Strikes, Dispute Hormuz Status

Oil jumped as the US and Iran exchanged fresh strikes, with the sides offering conflicting statements on whether the Strait of Hormuz remains open to shipping.

By Kanoko Matsuyama, Rong Wei Neo · Bloomberg Markets

Oil jumped as the US and Iran exchanged fresh strikes, with the sides offering conflicting statements on whether the Strait of Hormuz remains open to shipping.