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Oil prices rise on uncertain prospects for US-Iran ceasefire
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LONDON, United Kingdom (AFP) — Oil prices climbed Wednesday while stocks were mixed after United States (US) President Donald Trump announced the extension of a ceasefire with Iran, prompting investors to wait and see if peace talks would resume.
With the Strait of Hormuz still blocked to Gulf energy transit, traders remain wary that strikes could resume — even though Wall Street indexes are at record highs after recovering losses since the Middle East war erupted in late February.
Analysts sa
With the Strait of Hormuz still blocked to Gulf energy transit, traders remain wary that strikes could resume — even though Wall Street indexes are at record highs after recovering losses since the Middle East war erupted in late February.
Analysts sa
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