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Oil prices rose on Wednesday after deadly attacks on vessels in the Red Sea and Gulf of Oman heightened concerns over risks to global shipping routes.

U.S. crude is back above $84 as last week's anticipation of a U.S.-Iran deal dissipates.

Oil traders keep clinging to hope that the Strait of Hormuz will reopen. That won't last forever.

A U.S. federal judge has approved the Department of Justice's decision to dismiss the criminal probe against Indian billionaire Gautam Adani on graft charges.

The Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.

Oil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983

The Trump administration has backed plans to build an Australian scandium mine as part of a push to challenge China's critical-minerals dominance.

The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making "too much money."

Oil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not be coming anytime soon.

Iran's foreign minister reportedly said his country is not engaging in talks with the U.S., but added: "Messages are being exchanged through intermediaries."