Oil Markets Reprice War Risk After Congress Rejects Iran Pullback ...Middle East

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Oil Markets Reprice War Risk After Congress Rejects Iran Pullback
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Oil markets clawed back their recent losses, with oil prices rallying after Congress voted in favor of keeping the U.S. military in Iran. The House rejected a resolution requiring President Trump to withdraw U.S. forces from the conflict with Iran, with Republicans largely supporting continued intervention, citing the need to tackle Iran's nuclear capabilities. Brent crude for June delivery gained 4.7% to trade at $101.7 per barrel 6:.44 pm ET on Thursday, while WTI crude spiked over 4% immediately after the vote, but by evening was trading down…

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