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The Economic Times
The Economic Times

Oil climbs following renewed US, Iran strikes in Middle East

Oil Iran United States Middle East Aramco the Strait of Hormuz Gulf ANZ the Middle East

SINGAPORE: Oil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the Middle East that underscored the fragility of their interim peace deal and again slowed energy shipping in the Strait of Hormuz.

Brent crude futures climbed 52 cents, or 0.672%, to $72.51 a barrel by 2313 GMT while U.S. West Texas ‌Intermediate crude ⁠was at $69.94 ⁠a barrel, up 71 cents, or 1.03%.

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