Markets

Oil back above $90 as Iran hits tankers

US carries out fresh wave of attacks as the number of American casualties rises

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DW NOTE

The ceasefire lasted three weeks. Iran reopened the Strait on June 28; by July 13 tanker traffic was still at a two-month low. Now this. The pattern is clear: Iran controls 21% of global oil flows and uses that leverage in discrete bursts, just long enough for shipping to partially resume before the next round. Markets priced in stability that was never on offer.

Read the full story at Financial Times →

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Oil back above $90 as Iran hits tankers

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Brent Breaks $100 for the First Time in Nearly Two Months

Bitcoin climbs as oil tops $100, equities drop after Iran strikes

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