Oil prices swing after deleted U.S. escort claim amid Strait of Hormuz tensions
Lead On Tuesday, oil markets swung wildly when conflicting reports about ship movements in the Strait of Hormuz hit trading floors. U.S. crude initially plunged more than 16%, dipping below $77 per barrel, before recovering to roughly $85 by mid-afternoon ET; Brent briefly fell about 17% to under $80. The volatility followed a deleted social … Read more