Oil prices rise as US-Iran tensions escalate

Oil prices climbed as the market loses patience with the prolonged US-Iran standoff, and US President Donald Trump said Washington could resume or intensify strikes on Iran after the midterm elections.

The conflict, which Trump said he originally expected to last four to six weeks, has dragged on for seven months and disrupted oil flows through the Strait of Hormuz, pushing energy prices higher. Trump also said the US has

For beginners The Strait of Hormuz is a key route for seaborne oil shipments, and any threat of disruption there leads traders to price in the risk of reduced supply.