Oil prices rise as attacks dent hopes for Strait of Hormuz reopening
News Source : Al Jazeera English
News Summary
- Brent futures for October delivery stood at $89.53 as of 08:00 GMT, up about 24 percent compared with before the start of the US-Israel war on Iran in late February.
- Yemen’s internationally recognised government on Tuesday accused the Iran-aligned Houthis of killing six people in missile attacks on a commercial vessel.
- US Central Command said later in the day that it attacked and disabled a Panama-flagged cargo vessel after it attempted to break the US blockade of Iranian ports.
Oil prices have jumped as attacks on shipping in the Middle East cast doubt on prospects for a breakthrough in negotiations to reopen the Strait of Hormuz.
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