Iran, U.S. Stalemate Pushes Oil Prices Higher
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- Iran doubles down on closing the Strait of Hormuz, threatening regional shipping.
- United States stocks waver as oil prices rise, but the market holds near recent highs.
- Strait of Hormuz remains open for now after multiple closures, but the risk of future shutdowns keeps markets jittery.
- Oil prices rise as the U.S.-Iran stalemate persists, adding pressure on global markets.
- India sees its vessels halted as Iran’s closure disrupts key shipping routes.
Why it matters: Not enough in the article to say why this matters.
