Oil surges past $110 as US equities slide amid Strait of Hormuz standoff – Firstgora.buzz

Oil surges past $110 as US equities slide amid Strait of Hormuz standoff

NEW YORK, United States — Oil prices surged on Tuesday to their highest point since the US-Iran ceasefire, weighing on US equities as stalled negotiations to reopen the Strait of Hormuz heightened concerns about inflation. At the same time, technology shares declined as investors shifted their focus to corporate earnings and expectations for interest rates. Efforts

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