Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed more ​than 4% to their highest in more than a month on Friday after the U.S. and ‌Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures settled $3.87, or 4.59%, higher […]

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