Dossier
U.N. organization
Coverage of U.N. organization in the Nexus archive.
- Oil heads for another losing week, but analyst warns sluggish Strait of Hormuz traffic could send price soaring again
Oil prices are expected to end the week lower, but an analyst cautions that slow traffic in the Strait of Hormuz could drive prices higher. Iran warned that vessels not adhering to approved routes would face consequences, and a U.N. organization halted ship-evacuation operations at the strait.