EconomyOil prices rise more than 2% as world shares mostly fall
World shares were broadly lower while oil prices gained more than 2%, following a 5% surge on Monday. Crude markets were being driven higher by uncertainty over when the Strait of Hormuz might reopen and allow oil shipments to resume. The questions surrounding the waterway are adding pressure to energy prices as investors watch for signs of renewed flows.
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The Associated Press★★★★☆2026-08-11 10:30Original
Oil prices rise more than 2% as world shares mostly fall
Economy