Oil prices rose on Monday amid conflicting reports about whether U.S. ships were struck by Iranian forces after the U.S. said it would provide guidance to vessels so they could cross the Strait of Hormuz.
Brent crude oil, the international benchmark, was up 1.7% at 9:15 a.m. ET, again hovering around $110 a barrel. The West Texas Intermediate, the U.S. benchmark, edged up, pairing previous gains and topping $102 a barrel.
