The news, distilled into what matters.

Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz

  • Oil prices jumped more than $3 a barrel at the open after fresh strikes on Saudi Arabia and attacks on ships in the Gulf, stirring concerns about fuel and market volatility.
  • Houthi strikes reportedly damaged homes and a mosque in Saudi Arabia and hit a military base; a vessel in the Strait of Hormuz was struck, forcing an evacuation and causing casualties on an Iranian ship.
  • A planned Oman meeting between Gulf countries and Iran to discuss Strait of Hormuz security was postponed, leaving regional tensions and diplomacy in limbo.
Read full article

Get the full experience in the app — topics, comments, and audio summaries.

Download on the App Store Download on the App Store