Oil up After US Threatens Iran with 'Indefinite' Blockade and Financial Pain
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Oil Prices Rise as U.S. Threat of Indefinite Iran Blockade Raises Supply Concerns
Oil prices climbed on Friday and were headed for weekly gains as the United States threatened to maintain an indefinite naval blockade of Iran, increasing ... The post Oil Prices Rise as U.S. Threat of Indefinite Iran Blockade Raises Supply Concerns first appeared on [your]NEWS.
Oil up after US threatens Iran with 'indefinite' blockade and financial pain
Crude prices on pace for weekly gain
The US threat to extend its naval blockade against Iran indefinitely has heightened concerns about potential disruptions to oil flows from the Middle East. Brent and WTI started the week higher. Brent crude futures rose $1.43 to $88.50 per barrel; WTI gained $1.56 to $82.81 (08:10 GMT). The US threat to extend its naval blockade against Iran indefinitely has triggered supply security concerns in the markets. Observers note that OPEC and IEA fore…
The price of Texas intermediate oil (WTI) opened this Friday with an increase of 0.02%, up to $81.27 a barrel, after the United States threatened Iran with economic isolation.
The benchmarks were headed towards weekly increases of around 4%, after the fall of more than 2% recorded in the previous session
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