Asia
Oil Jumps Toward $90 After US-Iran Strikes Return — But the Biggest Threat Is What Happens Next in Hormuz
Oil prices surged toward the psychologically important $90-a-barrel level on Monday as renewed military exchanges between the United States and Iran abruptly shattered a period of relative calm around the Strait of Hormuz. But for energy markets, the biggest question is no longer simply whether Washington and Tehran will exchange more strikes. It is whether the latest confrontation will once again choke one of the most important oil shipping routes on Earth. Brent crude futures climbed roughl
