Brent climbs as Iran tensions threaten Strait of Hormuz

Bloomberg · 5 hours ago
Brent climbs as Iran tensions threaten Strait of Hormuz
  • Brent crude rose 1.9% to $89.75 a barrel after the US military struck Iranian rocket launchers preparing to send mines into the Strait of Hormuz.
  • S&P 500 and Nasdaq 100 futures fell about 0.3% in early Asian trading as Middle East tensions intensified.
  • The dollar held its gains after hawkish comments from Federal Reserve Chair Kevin Warsh strengthened expectations for a rate hike next month.

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Oil climbed and US stock-index futures slipped in early Asian trading as Middle East tensions intensified.Bloomberg

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