BENGALURU — Oil prices rose 2% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2%, to $84.98 per barrel by 0051 GMT, while […]
TOKYO — Oil prices climbed nearly 2% on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The U.S. airstrikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait […]