From The Economic Times · Reuters · · 40s
Oil Prices Surge 2% Amid Iran Tensions
Oil prices jump 2% as Iran tensions threaten Strait of Hormuz trade.
In brief
Oil prices jump 2% as Iran tensions threaten Strait of Hormuz trade. Oil prices rose nearly 2% after Iran's security chief vowed the Strait of Hormuz won't reopen until conditions are met. Originally reported by The Economic Times.
Oil Prices Rise
Oil prices jumped nearly 2% Wednesday in choppy trade.
Brent Crude Focused
Brent crude futures rose $1.84 to $101.09 a barrel.
West Texas Intermediate
West Texas Intermediate gained 69 cents to $91.21.
Iran's Vow
Iran's security chief said the Strait of Hormuz won't reopen until conditions are met.
Trade Tensions
Iran's president vowed never to surrender amid naval blockade discussions.
The essence
Oil prices rose nearly 2% after Iran's security chief vowed the Strait of Hormuz won't reopen until conditions are met.
