Oil prices jump after Strait of Hormuz setbacks

Data: Financial Modeling Prep; Chart: Ben Geman/Axios Oil prices are up around 6% Sunday evening after the weekend brought fresh escalation of the U.S.-Iran conflict. Why it matters: The jump after international markets opened reverses a large chunk of the sharp decline Friday, when President Trump and Iran's foreign minister claimed the Strait of Hormuz was opening to tanker traffic. The longer
Source
Axios
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