Oil prices soar on fears of long supply disruption, US siege of Iran ports
Al Jazeera English ·
Oil prices soared more than 6 percent on worries about prolonged supply disruption in the Strait of Hormuz and fears of a lengthy US siege of Iranian ports, settling at their highest levels in weeks. …
Oil prices soared more than 6 percent on worries about prolonged supply disruption in the Strait of Hormuz and fears of a lengthy US siege of Iranian ports, settling at their highest levels in weeks. US crude settled up 6.95 percent at $106.88 per barrel on Wednesday, and Brent crude, the international benchmark, was up 6.08 percent, or $6.77, at $118.03 after earlier touching its highest price since June 2022, the Reuters news agency reports. …
Original source: Al Jazeera English