Oil prices are rising again on Friday as the Strait of Hormuz remains closed and a top Iranian official said the country "cannot trust the Americans at all."
Brent crude, the international benchmark, rose by 2.78% and clocked in at $108.65 at 10:30 a.m. ET, while West Texas Intermediate, the U.S. benchmark, did so by 3.07% and stood at $104,29 at the same time.
