Crude back above $110 on Strait stalemate fears
Oil prices jumped on Tuesday, climbing back above $110 per barrel, amid a lack of progress in re-opening the key Strait of Hormuz.Meanwhile, tech stocks took a hit and investors turned their attention to corporate earnings and the outlook for interest rates.Efforts to end the Middle East war appeared at a standstill on Tuesday, with the United States considering Tehran's latest offer to unblock the strait, and Iran saying Washington could no longer dictate terms.
Original Source
Read the full article at Al-monitor →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.