Oil Prices Rise as Iran Signals Hormuz Closure

Iran has reportedly closed the Strait of Hormuz again, less than 24 hours after agreeing to a ceasefire deal with the United States. According to reports, Iran considers Israel’s continued and intensifying attacks on Lebanon a violation of the ceasefire. CBS cited Iranian media as also reporting Iran was considering canceling the deal altogether, adding that when asked to verify the information in the reports, White House press secretary Karoline Leavitt had said that President Trump was aware o...