Wall Street climbs as oil jumps after Gulf tanker attacks
Updated : June 14, 2019 06:21 AM IST
US Secretary of State Mike Pompeo said the United States has assessed that Iran is responsible for the attacks, which occurred near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes.
Oil futures settled more than 2 percent higher, while the S&P 500 energy index gained 1.3 percent, the most of the 11 major sectors.
The Dow Jones Industrial Average rose 101.94 points, or 0.39 percent, to 26,106.77, the S&P 500 gained 11.8 points, or 0.41 percent, to 2,891.64 and the Nasdaq Composite added 44.41 points, or 0.57 percent, to 7,837.13.
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