Inquirer
TOKYO, Japan — Oil prices jumped 4 percent Thursday after Iran vowed not to reopen the Strait of Hormuz so long as a US naval blockade remained in place despite a ceasefire extension. At around 0025 GMT, the benchmark US oil contract West Texas Intermediate (WTI) climbed 4.06 percent to $96.73 per barrel. International oil benchmark Brent North Sea crude rose 3.62 percent to $105.63. Both eased back in the following minutes. READ: Oil prices to stay higher for longer – study Oil prices have soared since Israel and the United States attacked Iran on Feb. 28 and they have kept […]... Keep on reading: Oil prices up 4% on uncertain Iran-US ceasefire prospects
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