After a Weekend of Skirmishes, the U.S. and Iran Agree to Halt Hostilities. Here

The U.S. and Iran traded shots over the weekend. Iran attacked a couple of ships in the Strait of Hormuz in the past week. The U.S. military retaliated over the weekend, launching strikes on targets in Iran. However, both sides agreed to halt their hostilities and are reportedly meeting in Qatar this week to work towards a permanent peace deal.

Oil prices have had a relatively muted reaction to the renewed hostilities. Both Brent oil (the global oil benchmark) and WTI (the U.S. oil benchmark) were up about 2% on Monday, with WTI regaining the $70-a-barrel level while Brent is approaching $75. Here's a look at what this means for energy investors.

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When the U.S. and Iran signed their Memorandum of Understanding (MOU) to implement a 60-day ceasefire earlier this month, Iran was to allow the safe passage of commercial ships through the Strait of Hormuz with no charge during that period. However, instead of abiding

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/weekend-skirmishes-u-iran-agree-183501140.html)