Oil prices climb as Iran restricts Strait of Hormuz traffic ahead of ceasefire deadline
Oil prices rose sharply on Sunday as shipping through the Strait of Hormuz remained restricted as the US-Iran ceasefire approaches its expiration. Brent crude, the international benchmark, climbed about 7 per cent to $96.88, while US crude rose 7 percent to $90.33. The increase came after prices had fallen earlier in the week on hopes […]
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