Commodities
Hormuz Tensions Boost Crude Prices for Fifth Straight Session
Crude oil futures continued their upward trend for a fifth consecutive session on Thursday, driven by concerns of a renewed supply crunch.
The market's solid monthly gains have been fueled by growing tensions in the Strait of Hormuz, where Iran has tightened its grip on the strategic waterway.
A senior Iraq official has called on Iran to give Iraq's oil exports special consideration through the Strait, highlighting the escalating situation.