NEW YORK, July 16 : Oil prices settled about 1 per cent lower on Thursday but remained near their highest level since mid-June as the Iran war escalated, with Tehran asking Yemen's Houthi movement to be prepared to close the Red Sea oil export route.Brent crude futures fell 72 cents, or about 0.9 per cent, to

July 14 : Oil prices rose 2 per cent on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the…

NEW YORK, July 16 : Oil prices settled about 1 per cent lower on Thursday but remained near their highest level since mid-June as the Iran war escalated, with Tehran asking…