Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes

Oil prices rose following a new wave of US strikes against Iran, as both nations dispute the operational status of the Strait of Hormuz. This escalation has increased global fuel instability and triggered market volatility, impacting the international oil trade. Ed Morse of Hartree Partners is analyzing the future of energy markets amid this uncertainty, while experts emphasize the urgent need for diplomatic interventions to stabilize trade and mitigate the ongoing conflict's economic effects.