The picture shows ships and boats in the Strait of Hormuz on Wednesday. Photo: Stringer/Reuters
Oil prices rise amid ceasefire uncertainty
Oil prices rose approximately 4% after Iran declared it will not reopen the Strait of Hormuz while the U.S. maintains its naval blockade of Iranian ports. WTI reached $96.73, and Brent rose to $105.63. Prices have climbed since a February 28 attack on Iran by Israel and the U.S.
Amidst...
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