U.S. restores Iran blockade as strikes widen around Strait of Hormuz
Why it matters: Brent crude climbed to about $84.65 a barrel, while Iran threatened to halt all regional energy exports.
Why it matters: Brent crude climbed to about $84.65 a barrel, while Iran threatened to halt all regional energy exports.
Why it matters: Only six vessels crossed the strait Sunday, underscoring risks to a route that handled about 20% of global oil and LNG before the war.