Global oil prices hold gains after topping $95 a barrel for the first time in 6 weeks as hopes dim for de-escalation of Iran war

Summary

Oil prices were holding on to their gains after climbing to a six-week high on Wednesday morning after the U.S. struck Iran for the 11th night in a row and President Donald Trump warned that the U.S. will bomb Iranian bridges and power plants if Tehran shoots at ships in the Strait of Hormuz.