Stocks Supported by Hopes for a Swift End to Iran War

However, the Strait of Hormuz remains closed after Iran’s Islamic Revolutionary Guard Corps said that “we will set fire to any ship attempting to pass through” the strait, which runs along Iran's coast and handles a fifth of the world's oil. The closure of the Strait of Hormuz has forced Iraq, OPEC's second-largest producer, to shut down oil production at its largest oil fields in Rumalia as storage tanks fill up. Also, Kayrros reported today that four of six tanks at Saudi Arabia’s Ras Tanura refinery were ...