Oil rises from two-month low after attacks on ships in Strait of Hormuz Strait of Hormuz, Iran · 2026-11-11 05:48
Oil prices rose on Wednesday after falling to their lowest level in two months in the previous session. The market has swung between hopes of easing the US-Iran conflict and concern over continued attacks on ships in the strait.
The Strait of Hormuz is a narrow waterway between Iran and the Arabian Peninsula that carries a large share of the world's seaborne oil exports. Disruptions there quickly affect oil markets.
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