PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi movement to stand ready to shut the Red Sea export route. Brent crude futures rose $1.05, or

Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran…

Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.

Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.

Oil prices surge to a one-month high amid escalating U.S.-Iran tensions and military actions in the Strait of Hormuz.

SINGAPORE: Oil prices rose nearly 3 percent on Tuesday to their highest in four weeks, as the US reimposed its naval blockade of Iran while the two countries stepped up attacks…

Brent crude futures climbs to $85.20 per barrel while US West Texas Intermediate crude rises to $80.05 a barrel.

July 16 : Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through the Strait of…

PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of…

Brent crude futures gained $1.05, or about 1.25%, to $85.28 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose $1.03, or 1.3%, to $79.98 a barrel. The gains…

Oil prices climbed as renewed US-Iran attacks raised concerns over Strait of Hormuz and Red Sea supplies, pushing Brent above $85 a barrel.

Oil prices rise amid US-Iran tensions threatening supply routes. Crude oil reaching a new all-time high by December 31 at 12% YES.

“The potential threat of the Red Sea becoming another major supply disruption point is further complicating the global oil outlook,” says analyst.

Increased disruption in the Strait of Hormuz has raised supply concerns