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The Economic Times
The Economic Times
Business

BIZARRE: Oil extends gains after us and iran strike ships - What They Never Told You

United States Iran Oil Strait of Hormuz Hormuz

Oil prices extended gains on Monday as tit-for-tat strikes between the ​U.S. and Iran on vessels ​sailing in the Strait of Hormuz and other areas heightened concerns of ​a prolonged supply disruption from the Middle East.

Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT while U.S. West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or ‌0.72%.

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