Oil Rises Again on New Mideast Attacks, Pressuring Stocks
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View chart & analysis → - 1Fresh attacks in the Middle East early this week pushed oil prices higher and added downward pressure on stocks.
- 2The U.S. struck Iranian missile launchers on Larak Island in the Strait of Hormuz, and Iran responded with missile attacks on U.S. forces in Jordan.
- 3Despite reports of intercepted missiles, oil markets reacted to escalation fears, with WTI rising to $85.58, up about $17 from its early-July low.
This 3-line summary is compiled from the report below.
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