Oil prices rose more than 4% in Monday trading; as passage of energy shipments through the Strait of Hormuz remains under threat…
Oil prices rose more than 4% in Monday trading; as passage of energy shipments through the Strait of Hormuz remains under threat. Brent crude oil futures rose by $3.10 to $79.11, and U.S. West Texas Intermediate crude oil also rose by $2.95, trading at $74.36 per barrel. Iranian government media reported that the Strait was closed until further notice by order of the IRGC, but the U.S. Central Command rejected the…


