Oil prices edged up about 1% on Thursday after a cargo vessel was hit by an unknown projectile near Oman, sparking worries about how long it could take for oil flows in the Middle East to return to levels seen before the U.S.-Israel war on Iran.
Oil’s wartime price gains have evaporated as the US and Iran log progress in peace talks and more tankers openly transit the Strait of Hormuz, easing fears of a supply crunch.
Curious Minds Corner
What’s the one known carcinogen in gasoline made of just carbon and one other element?
Benzene (C6H6), a ring-shaped hydrocarbon that makes up 1-2% of gasoline and poses cancer risks.