Stock marketEconomic data
Oil Prices Bounce Back Following Reports of U.S. Strikes on Iran
After shedding 7% yesterday, crude oil prices inched up earlier today following a Wall Street Journal report about a U.S. strike on Iran’s Qeshm Island. Brent crude traded at $105.26 per barrel at the time of writing, and West Texas Intermediate traded at $97.07 per barrel, after the WSJ cited unnamed U.S. officials as saying Iran’s Qeshm Island became a target in what they said was the latest in a series of “ limited strikes Washington has secretly carried out” over the past few weeks on Iran. The report counters earlier…