The Times Kuwait
Brent futures rose $2.30, or 2.47%, to $95.40 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $2.60, or 2.89%, to $92.63. Iran’s months-long blockade of the strait, which normally carries a fifth of the global oil and gas shipments, have kept oil prices elevated, news agencies reports. The post Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes appeared first on Times Kuwait .
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