Finance and markets: business, quotes, gold, energy and releases.
Energy shares posted modest gains as oil futures steadied, after crude fell 0.9% to $86.04 a barrel in New York. The price is now 24% below its April peak, while developments around Iran and the Strait of Hormuz continue to shape the market backdrop.
President Trump said further strikes on Iran would not be necessary. The Wall Street Journal, however, reported that the United States and Iran are engaged in a fierce struggle for control of the Strait of Hormuz, nearly nine months into the conflict.
Both sides have struck islands in the waterway in recent days, the newspaper reported.
When reusing this material a link to Money Talk is required.
Comments (0)
No comments yet. Be the first!