Hormuz shutdown sends oil higher again

Arabian Post Staff -Dubai Oil climbed for a fifth straight session as stalled efforts to revive US-Iran de-escalation talks left traders bracing for a prolonged disruption to energy flows through the Strait of Hormuz, one of the world’s most important crude and gas corridors. Brent crude rose about 0.5% to trade near $106 a barrel, lifting its gains for the year to roughly 74%. The benchmark […] The article Hormuz shutdown sends oil higher again appeared first on Arabian Post .