oil prices dropped after an increase after an Iranian attack on two bases hosting U.S. troops in Iraq.
But he stopped short of calling for military action.
The three major stock indices in the USA closed The Day up approximately 0. 5% or more.
While the oil prices had jumped to an almost four-month high overnight, they dropped back during trading on Wednesday. Brent crude oil was More Than 3% to around 65$. 78 per barrel in mid-day in New York , and West Texas International fell More Than 4%.
Iranian state television said.
The Strait of Hormuz is crucial for the main oil exporters in The Gulf region, Saudi -Arabia, Iraq, the United Arab Emirates and Kuwait whose economies are built around oil and gas production. Iran also relies heavily on this route for its oil exports.
Qatar, The World 's largest producer of liquefied natural gas (LNG), exported almost all of its gas through the Strait.
According to the most recent attacks, the U.S. aviation regulator banned American Airlines flying over Iraq, Iran and neighbouring countries. The ban includes The Gulf of Oman and The Waters between Iran and Saudi Arabia .
The Federal Aviation Administration (FAA) said the decision was a response to increased military activity and increased the political tensions in the region.
Before the latest guidance, the FAA had already been under U.S. tells airlines to fly below 26,000 feet (7,925 m) on the Iraq and fly over an area of Iranian airspace over The Gulf of Oman for Iran, a us drone in June of 2019 shot down.