Worries about an oil shock are slamming stocks again after Iran says it attacked a crude tanker
Government
Fears of soaring oil prices are battering markets again on Thursday after a brief respite in Wednesday's session. The sell-off in US stocks resumed as Iran said it attacked a crude tanker, reigniting fears about an oil-price shock that could send inflation higher. Oil prices continued to climb after plateauing earlier in the week. April futures contracts for West Texas Intermediate crude rose as much as 7% to $80 a barrel on Thursday, the highest level since July 2024. Brent crude , the
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