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How the Strait of Hormuz, a narrow stretch of water where ships carry $1.2 billion of oil every day, is at the heart of spiraling tensions with Iran
Iran could exact its revenge on the US and its allies by shutting or harassing tankers in the strait, which would heavily disrupt oil markets.
Aramco set aside 450 million shares for investors as it gauged early demand, and Goldman Sachs released proceeds from the allotment over the weekend.
Oil plummets to its lows of the day after President Trump says Iran ‘appears to be standing down’ in the Middle East
The fall erased all earlier gains from a spike in oil prices early Wednesday following an Iranian missile attack on US forces in Iraq.
Oil’s wild ride: Here’s why the precious resource is now trading lower after spiking 5% on Iran’s missile attacks
Prices reversed when a US statement said the attack caused no casualties, and President Donald Trump tweeted that "all is well" after the incident.
Gold punched above $1,600 for the first time since 2013, and oil spiked. But the gains fizzled. "They've barely scratched the US," says an analyst.
Saudi Aramco has seen $200 billion of market value erased since its record-shattering IPO as Mideast tensions drag it lower
Some analysts believe Iran could retaliate by targeting oil infrastructure, placing Aramco at increased risk of a crippling strike.
Since the conflict in the Middle East started, Brent crude has gained $4, Hussein Sayed, chief market strategist at FXTM wrote in a note early Monday.
Gold on Monday soared to a six-year high of about $1,588 an ounce, while oil jumped past $70 a barrel.
US oil companies evacuate workers from southern Iraq in the wake of the assassination of Iranian General Qassem Soleimani
Iraq officials said that some US oil workers are leaving the southern city of Basra, a region where affiliates of ExxonMobil and Shell operate.
‘Likely just the beginning’: Here’s what 6 experts are saying about what Trump’s deadly Iran strike means for already-shaken m...
Many analysts are saying Friday's market swings should be ignored, and even present an opportunity to buy stocks while they're low.