Oil Rises on Intensifying US-Iran Hostilities, Threat of Red Sea Closure

(Reuters) – Oil prices inched up 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 organisation to ‌stand ready to shut the Red Sea export route. Brent crude futures rose 7 cents, or about … Read more