Oil prices rise 2% as hostilities worsen in the Middle East
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Article Excerpt
Oil prices rise 2% as hostilities worsen in the Middle East
REUTERS
PUBLISHED 46 MINUTES AGO
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Oil extended gains by around 2 per cent on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran’s Islamic Revolutionary Guard Corps threatened to close “all other export corridors that benefit the U.S. and its allies.”
Brent futures climbed US$1.71, or 2 per cent, to US$86.44 a barrel at 4:06 a.m. ET. West Texas Intermediat…
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quick v1 failed + full
Jul 15, 2026