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diplomacyMay 4, 2026

Oil Prices Rise On Risk Of U.S.-Iran Live Fire In Strait

Summary

Oil prices climbed on Monday afternoon as markets remained on high alert for a possible failure of the U.S.-Iran ceasefire. Oil futures hit their session high in the morning after Iran claimed to have fired shots at a U.S. Navy ship and prevented it from entering the Strait of Hormuz.

Source: Pages; Jed-Graham; JED GRAHAM; Investor's Business Daily — Read the full report

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Iran

Sources

  • Pages; Jed-Graham; JED GRAHAM; Investor's Business DailyBy Pages; Jed-Graham; JED GRAHAM; Investor's Business Daily

    Oil prices climbed on Monday afternoon as markets remained on high alert for a possible failure of the U.S.-Iran ceasefire. Oil futures hit their session high in the morning after Iran claimed to have fired shots at a U.S. Navy ship and prevented it from entering the Strait of Ho…

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