LONDON, Aug 7 : Oil prices edged higher on Friday on further concerns surrounding the reopening of the Strait of Hormuz and potential Iranian bans and fines on vessels it deems hostile or in violation of proposed rules. Brent crude futures were up 75 cents, or 0.9 per cent, at $83.24 a barrel by 0815 GMT. U.

Oil prices rose slightly on Wednesday after two days of steep losses, with markets closely watching efforts to end the US-Iran war and restore shipping through the Strait of…

Aug 6 : Oil prices rose on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of…