Oil markets took a sharp turn upward on Thursday morning as traders faced the reality that the Strait of Hormuz remains under Iranian control, despite a two-week-old ceasefire agreement with the United States. The sudden price spike follows a brief period of optimism, effectively erasing the massive losses seen just twenty-four hours ago, when U.S. […] Crude Oil Explodes Past $100 As Iran’s Grip On Hormuz Shipping Lane Chokes Ceasefire Hopes ...read more read less