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Oil up after US threatens Iran with 'indefinite' blockade and financial pain

Oil prices were up on Friday as tensions continued to simmer in the Middle East after the US threatened Iran with an “indefinite” blockade and financial sanctions, reigniting supply worries. Brent, the benchmark for two thirds of the world's oil, was up 1.03 per cent at $87.97 a barrel at 1.09pm UAE time. West Texas Intermediate, the gauge that tracks US crude, added 1.62 per cent to $82.56 per…

Oil up after US threatens Iran with 'indefinite' blockade and financial pain

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