Oil rises and stocks fall as Hormuz worries flare
Oil prices rose Wednesday and stocks fell amid fresh concerns about Middle East supplies following a warning that Iran appeared to be stepping up attacks in the Strait of Hormuz.Confidence has been given a boost this week as reports said that exports from the Middle East -- excluding Iran -- were pushing back towards pre-war levels.
Oil prices rose Wednesday and stocks fell amid fresh concerns about Middle East supplies following a warning that Iran appeared to be stepping up attacks in the Strait of Hormuz.Confidence has been given a boost this week as reports said that exports from the Middle East -- excluding Iran -- were pushing back towards pre-war levels.
What's Your Reaction?
