Oil climbs past $90 as Middle East conflict keeps Strait of Hormuz shut
On Tuesday, oil prices saw a significant uptick, driven by escalating tensions between the US and Iran and looming risks to supply chains. Brent crude hit $91.04, while WTI crude climbed to $86.55 per barrel. The Strait of Hormuz is a focal point of concern for global oil supply stability. Additionally, there are efforts in Venezuela aimed at replenishing US oil reserves.
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
