Oil spikes, stocks mixed as divided Fed keeps rates unchanged

NEW YORK, United States — Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks moved indecisively after a divided Federal Reserve kept interest rates unchanged. Brent oil futures got within striking distance of $120 a barrel before retreating a bit. Markets girded for a much longer Middle East war. The United States could extend its naval blockade of Iran for months longer, oil executives were told in a meeting with Trump, an official said. This was after press reports that he had rejected Iran’s latest proposed deal to reopen the […]... Keep on reading: Oil spikes, stocks mixed as divided Fed keeps rates unchanged

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