Oil Trades Near 42-Month High as Iran Vows to Keep Hormuz Closed

Oil extended gains from its highest close since August 2022 in one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged to keep...

By Charlie Zhu, Sarah Chen · Bloomberg Markets

Oil extended gains from its highest close since August 2022 in one of the most volatile trading weeks ever, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz effectively shut.