Tag
#hormuz
Markets
S&P 500 and Nasdaq slip from records as US-Iran Hormuz exchange resumes
Wall Street reversed off intraday all-time highs on Thursday after a fresh exchange of fire near the Strait of Hormuz lifted oil and pulled traders out of the rally that had carried both indices to new records at the open.
By Avery Lin
Commodities
Brent crude back above $100 as US-Iran clash resumes in Strait of Hormuz
Brent crude settled near $100.06 a barrel on Thursday after fresh fighting between US and Iranian forces in the Strait of Hormuz unwound a one-day rally on ceasefire hopes, with WTI ending near $93.60 and traders rebuilding the war-risk premium they had pared 24 hours earlier.
By Reza Najjar
