Oil Heads for Weekly Gain With Iran War Negotiations at Impasse As tensions with Iran escalate, oil prices continue to defy logic and climb higher.
Behind this seemingly inexplicable rise lies a complex web of factors threatening global markets once more.
The Strait of Hormuz's Pricey Lockdown The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Arabian Sea, remains a critical chokepoint in international trade.