Published May 4, 2026, 6:02 PM ET · Updated 6 months ago · 1 source

Oil Holds Gain as Iran, US Exchange Fire in Middle East Flareup

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Oil Holds Gain as Iran, US Exchange Fire in Middle East Flareup

Oil held the bulk of a sharp gain after tensions flared across the Middle East, with the US and Iran exchanging fire amid renewed attacks on energy infrastructure and vessels in and around the Strait of Hormuz.