Oil rebounds as new U.S. strikes rattle Iran ceasefire hopes

Oil just got yanked back up by the Iran war. Fresh U.S. strikes rattled hopes for a ceasefire deal, and markets are again watching the Strait of Hormuz — the world’s most stressful shipping lane. That matters beyond trading desks: pricier crude can drift into gas, freight, and groceries. One narrow waterway sneezes, and everyone’s fuel budget reaches for a thermometer.