Oil prices rise after US and Iran exchange fire in Hormuz strait - BBC

Oil prices rise after US and Iran exchange fire in Hormuz strait – BBC

2026-05-08

Oil prices rise after US and Iran exchange fire in Hormuz strait BBCCurrent price of oil as of May 7, 2026 FortuneU.S.-Iran Strikes Test Cease-Fire. Oil Prices Rise But Head for Weekly Losses. Barron’sOil resumes rally as U.S.-Iran fire exchange rattles fragile Hormuz ceasefire CNBCCiti Sees Oil ‘Moving Around Like Crazy’ in Hope-and-Fear Dance Bloomberg.com