Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers – AP News

Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. The price of U.S. crude oil increased 6.4% to $87.90 per barrel an hour after trading resumed on the Chicago Mercantile Exchange.…

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