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Oil Prices Jump as Middle East Tensions Build

Oil Prices Jump as Middle East Tensions Build
NYT Business Monday 01 June 2026, 18:38 UTC By Rebecca F. Elliott and Joe Rennison 1 min read
Key Points

An oil refinery in Carson, Calif. The possibility of continued fighting has raised concerns about how long the world’s stockpiles of oil and fuels will last if the Strait of Hormuz does not reopen.

An oil refinery in Carson, Calif. The possibility of continued fighting has raised concerns about how long the world’s stockpiles of oil and fuels will last if the Strait of Hormuz does not reopen.
Carson (LOCATION) Calif. (LOCATION) the Strait of Hormuz (LOCATION)
Originally published by NYT Business Read original →

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