Oil prices rise after Iran restricts access to Strait of Hormuz and ceasefire nears expiration

Oil prices climbed Sunday after Iran once again blocked the passage of most ships through the Strait of Hormuz, a key waterway for one-fifth of the world’s crude. Brent crude, the international benchmark, was up about 7% to $96.88, after settling on Friday at its lowest level since March 10 on news...

Redirecting to full article...