Oil Prices Rise as Iran Conflict Escalates with Tanker Attacks
Oil prices have risen to four-week highs as conflict in Iran escalates, following reports of Iran launching 'brazen' attacks on more tankers in the Strait of Hormuz, resulting in sailor fatalities.
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Oil rises to 4-week highs as conflict in Iran escalates
The cost of a barrel of Brent crude, the international standard, was up around $86 US on Tuesday morning. That's higher than oil has been in recent weeks after the U.S. and Iran signed a memorandum of understanding to end the war, but below the $100 mark that oil has reached earlier in the war.
Read full article →Iran Launches 'Brazen' Attacks On More Tankers In Hormuz, Killing Sailors, After Araghchi Mocked Trump's Toll Plan
Iran Launches 'Brazen' Attacks On More Tankers In Hormuz, Killing Sailors, After Araghchi Mocked Trump's Toll Plan The battle for Hormuz has ramped up after the United States has undertaken three consecutive nights of major bombing raids against Iranian targets. All the while President Trump is said to be "very serious" about his plan to impose a 20% toll on cargo transiting through the Strait of Hormuz, a Semafor report says, citing a White House official who says the president...
By Tyler Durden
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