SECURITYJun 1 · 18:21 UTCNY POSTAriel Zilber

Oil prices jump after US and Iran exchange strikes; Exxon exec warns inventories could reach ‘unheard of’ lows

Oil prices increased following strikes between the US and Iran, with Iran threatening to close the Strait of Hormuz. An Exxon executive warned that oil inventories could reach unprecedented lows due to escalating Middle East tensions.

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