Menu Close

Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100

Asian shares are sharply higher and the price of crude oil was holding above $100 a barrel as investors bet on hopes the U.S. and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again. On Wednesday, oil prices fell nearly 8% and the S&P 500 climbed 1.5% for its bes…