Oil prices climb as Iran tensions deepen
Oil prices extended gains on Wednesday as fading prospects for a settlement in the Iran war intensified concerns over supplies moving through the Strait of Hormuz, keeping Brent crude above $91 a barrel. Brent crude futures rose 26 cents to $91.28 a barrel in early trading, marking a fourth consecutive session of gains, while US West Texas Intermediate crude advanced 37 cents to $85.31. Brent had…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
