Oil Prices Rise Amid Ongoing Iran War and Strait of Hormuz Blockade
Oil prices increased as the Iran war showed no signs of ending, with the Strait of Hormuz still blocked and U.S. Navy actions restricting Iranian crude exports. Brent crude and West Texas Intermediate futures both rose, with Brent reaching its highest level since March 2022.
Topics: energy markets geopolitical tensions Iran war oil prices Strait of Hormuz