Global Oil Price Rises Sharply After Vessel Attack at Strait of Hormuz

Global oil price rises sharply after vessel attack at Strait of Hormuz

Global oil prices surged sharply as attacks on vessels in the Strait of Hormuz slowed shipping in the Middle East region. An oil price survey showed that Brent and West Texas Intermediate, WTI, crude blends jumped to $92 and $85.90 per barrel, respectively, at the time of reporting on Wednesday. This means that, on a […] Global oil price rises sharply after vessel attack at Strait of Hormuz

Oil prices spike after ships in Strait of Hormuz hit by fresh strikes

Three ships travelling through the contested Strait of Hormuz have been hit in recent days, according to British maritime officials, with casualties reported.

Oil edges higher as Iranian attacks on ships in Strait of Hormuz without U.S. response rise

Iran's attacks on shipping in the Strait of Hormuz without a US military response are mounting, as the Trump administration has sidestepped provocations in the waterway.

Oil Prices Edge Higher on Strait of Hormuz Supply Concerns - Pakistan Observer

Oil prices edged higher for a third consecutive session on Tuesday as hope for a deal to end the Middle East conflict weakened. According to media reports, Brent crude futures rose 7 cents, or 0.08%, to $90.94 a barrel by 1031 GMT, while U.S. West Texas Intermediate (WTI) gained 53 cents, or 0.63%, to $85.03. Earlier in the session, both benchmarks reached their highest levels since July 30 and July 31, respectively. Market sentiment was support…