Oil drops about 4% as more tankers move through Hormuz
What's new: U.S. crude fell to $87.68 and Brent to $90.94 as traders weighed rising traffic against the risk of renewed Israel-Iran strikes.
CNBC, Bloomberg
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Israel Iran · Middle East Strikes Jolt Oil and Stocks
Oil nears $97, Asian stocks slide after Israel-Iran strikes
Why it matters: renewed attacks rattled traders already worried about inflation and disruption to shipping through the Strait of Hormuz.
The Business Times (Singapore), Bloomberg +2