Shares of power producers rose as traders sought out defensive sector due to the risk of the Middle East war restarting.
When the U.S. Navy sent a pair of guided-missile destroyers into the Gulf on Monday in an attempt to break Iran's grip on the Strait of Hormuz, it signaled the start of a risky gambit by the Trump administration to reclaim leverage over Tehran. The mission, dubbed "Project Freedom" revealed the limits of U.S. power in the key waterway, The Wall Street Journal reported.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-05-26 1720ET
