Crude oil prices are heading for a weekly gain as renewed U.S.-Iran hostilities disrupt shipping through the Strait of Hormuz, although expectations of eventual diplomacy continue to limit the rally.

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.