Oil and gas stocks may see movement. Crude oil prices increased after U.S. airstrikes on Iranian nuclear sites. Brent and WTI crude both rose sharply. This followed President Trump’s announcement of strikes with Israeli forces. Concerns are rising about Middle East instability. Iran has promised retaliation. There are worries Iran might block the Strait of Hormuz.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets