After attack in Strait of Hormuz halts evacuation plan, Oil prices climb

TL;DR

Oil Futures Fall on Likely Technical Correction Oil Prices Rise as Ship Struck in Hormuz Brent crude rises after cargo ship comes under attack in key waterway. Oil prices have jumped after the United Nations maritime agency called off its planned evacuation of ships stranded around the Strait of Hormuz following an attack on a cargo vessel in the waterway. Brent crude, the international benchmark, rose as much as 4 percent on Thursday after the International Maritime Organization paused its evacuation plan amid renewed violence in the strait.