Energy Markets
Oil prices rise after Trump's Hormuz levies threat
After yo-yoing between gains and losses, stocks moved back to negative territory as oil reached a?one-month-high on Tuesday following President Donald Trump's announcement that?the?U.S. The United States is re-imposing its blockade of Iranian ships and will collect a 20% charge on Strait of Hormuz freight traffic. Brent crude futures rose over $3.00, to $86.36 per barrel. This is its highest level since the middle of June. Investors were frightened by the escalating tensions between the U.S. and Iran. They analyzed quarterly earnings of companies like oil giant BP or telecom equipment maker Ericsson in order to assess how this conflict...