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Oil resumes rally as U.S.-Iran fire exchange rattles fragile Hormuz ceasefire

The U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile cease...

BUSINESS NEWS May 08, 2026

Oil resumes rally as U.S.-Iran fire exchange rattles fragile Hormuz ceasefire

The U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries was unraveling.

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The U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries was unraveling.

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