Hormuz Standoff Escalates Oil Prices | Business and Finance News

Tensions in the Strait of Hormuz are escalating as ships sit idle, U.S.-Iran negotiations collapse, and both sides strike back—U.S. attacks on Iran followed by Iranian drones and missiles targeting Gulf allies. Oil prices surge past $96 a barrel as sanctions, stalled talks, and unpredictable military moves keep markets on edge. Trump claims U.S. dominance, while experts warn prices will remain volatile for months. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/66ee448aced2f610