Oil prices rise as attacks dent hopes for Strait of Hormuz reopening

Brent crude climbs as renewed violence dampens hopes for a return to stability in energy markets.

Analysts remain split on the short-term outlook for inflation and rates.

U.S. Stocks Fall as Hopes for Strait of Hormuz Reopening Are Dashed Again  WSJ

European shares mixed while wheat prices rise amid Black Sea tensions More retail news: The John Lewis Partnership, Britain’s biggest employee-owned retailer, has said that Peter Ruis, the boss of its department store chain, will step down “to pursue new projects”. It said Ruis, who has been managing director of John L

Iran's politburo-like body known as the Supreme National Security Council said the Strait of Hormuz will not open until the United States "corrects its behavior."

The head of Iran’s Supreme National Security Council said that the waterway will remain closed until the United States meets certain conditions.