Oil Settles Up on Renewed US-Iran Hostilities and Threat of Red Sea Closure

By Nicole Jao Strait of Hormuz flows have slowed after last month’s truce collapsed Iran pressed Houthis to disrupt Red Sea shipping if US hits power sites NEW YORK, July 17 (Reuters) – Oil prices climbed more ​than 4% to their highest in more than a month on Friday after the U.S. and ‌Iran stepped … Read more