Oil prices mixed as fresh U.S.-Iran clashes reignite Middle East supply fears

Oil prices turned mixed as renewed military strikes between the United States and Iran reignited concerns over Middle East crude supplies. These latest clashes raise fresh questions about disruptions to the Strait of Hormuz, one of the world's most critical petroleum chokepoints—roughly one-third of all seaborne oil flows through there. According to CNBC, traders are divided on whether the geopolitical risk will translate into sustained price increases.

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