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International Business Times
International Business Times
Business

Iran Reportedly Threatens Gulf States With More Strikes If Trump Doesn't End Attacks. Oil Rises.

Iran Oil Gulf United States Strait of Hormuz Donald Trump Kazem Gharibabadi
Oil is rising on Thursday even as discussions to reopen the Strait of Hormuz appear to be making progress.

Oil is rising on Thursday even as discussions to reopen the Strait of Hormuz appear to be making progress.

Brent crude, the international benchmark, climbed more than 2% at 9:06 a.m. ET and hovered above $81 a barrel, while West Texas Intermediate, the U.S. benchmark, posted similar gains and stood above $76.50 at the same time.

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