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Oil Tumbles as Investors Grow Hopeful Turmoil in Gulf May Be Easing
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Oil Tumbles as Investors Grow Hopeful Turmoil in Gulf May Be Easing

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Oil prices fell and stocks rose after President Trump’s about-face to pause the U.S. operation to escort commercial ships through the Strait of Hormuz

Oil prices fell and stocks rose on Wednesday in a volatile trading session as investors seized on signs that the turmoil in the Persian Gulf may be easing. On Tuesday night, President Trump said that he would pause the day-old U.S. operation to escor... [754 chars]

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Source: The New York Times

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