Oil Spikes On Soaring U.S., Iran Tensions
By Tsvetana Paraskova Oil prices spiked on Thursday after Iran shot down a U.S. drone over the vital oil shipping lane, the Strait of Hormuz, in the latest escalation of the U.S.-Iran standoff in the Middle East that increased concerns about a possible military confrontation. Oil prices were rising by some 4 percent earlier on … Read more