Oil Prices Rise: Iran-US Conflict & Strait of Hormuz Concerns
Oil prices rose sharply Thursday as concerns mounted over the potential for a prolonged closure of the Strait of Hormuz. The conflict between the United States and Iran is disrupting oil and gas flows from the Middle East, while supply remains constrained due to production cuts. Brent crude increased by $1.67, or 2.05 percent, to … Read more