Brent crude prices rise amid Hormuz tensions
after close1 source ↓written by the desknot a recommendation
- prices increased
- $1.33/bbl
- as tensions
- $72.10/bbl
Brent crude prices increased by $1.33/bbl to $72.10/bbl as tensions in the Strait of Hormuz escalated. Iran's military threatened a forceful response against vessels not following approved routes. This follows a meeting of US CENTCOM with Middle Eastern allies to ensure safe passage, which has heightened market concerns.
Not investment advice. For informational purposes only.