Oil Climbs As New Iranian Attack In Hormuz Strait Could Throw Wrench In Washington-Tehran Talks

Oil is rising on Tuesday after Iran launched missiles against two vessels going through the Strait of Hormuz. (Credit: Mario Tama/Getty Images)

Oil prices are climbing in Tuesday after Iran struck two vessels transiting through the Strait of Hormuz.

Brent crude, the international benchmark, climbed 0.85%, clocking in at $72.60 per barrel at 7:33 a.m. ET, while West Texas Intermediate, the U.S. benchmark, did so 0.66%, standing at $69 per barrel at the same time.