Oil prices are climbing further on Thursday after Iranian forces said they hit seven vessels attempting to cross through the Strait of Hormuz. Should the figure be confirmed officially, it would be the largest for a single day since the war began in late February.
Brent crude, the international benchmark, climbed 2.91% at 8:10 a.m. ET and stood at $111.99 per barrel, while West Texas Intermediate, the U.S. benchmark, gained 2.46% and clocked in at $99.54 per barrel at the same time.
