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Trump to address nation on Iran Wednesday, after hinting at war's end AxiosExclusive | Trump Tells Aides He's Willing to End War Without Reopening Hormuz WSJLive updates: Trump says US could be done with Iran war within 2 or 3 weeks CNNMarkets cheer as Trump threatens to abandon the Strait of Hormuz, leaving the oil market in crisis Fortune
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President Donald Trump reportedly told aides he would end the war in Iran without reopening the trade route.
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Ample oil reserves and renewables growth make manufacturing sector more resilient than rivals
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Energy stocks have fared well as crude-oil prices have shot up, but one other industry group has also done well since the U.S. and Israel attacked Iran on Feb. 28.
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Live Updates: Iran war pushes gas price over $4 a gallon as Trump mulls dropping Strait of Hormuz efforts CBS NewsExclusive | Trump Tells Aides He's Willing to End War Without Reopening Hormuz WSJIIran-US war latest: Trump tells allies and UK to ‘get your own oil' The IndependentTrump Lashes Out Again at Europe for Its Lukewarm Support Against Iran The New York Times
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Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.
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A Kuwaiti tanker was struck Tuesday in Dubai's waters, the latest attack on energy assets that spiked oil prices and roiled markets.
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Oil climbed to nearly $120 per barrel before falling back after Trump sent mixed signals and the Group of Seven mulled releasing emergency oil supplies.
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