Oil prices jump as Iran warns Strait of Hormuz ‘cannot be the same’
CNN
Oil prices spiked Tuesday and US gas prices rose as Iran intensified its attacks on energy infrastructure across the Middle East and a senior regime figure suggested that the crucial Strait of Hormuz wouldn’t become safe for ships anytime soon.
Oil prices spiked Tuesday and US gas prices rose as Iran intensified its attacks on energy infrastructure across the Middle East and a senior regime figure suggested that the crucial Strait of Hormuz wouldn’t become safe for ships anytime soon.
Brent crude, the global oil benchmark, rose 3% to trade around $103 a barrel, having jumped more than 4% earlier in the trading session. WTI, the US benchmark, climbed 3.7% to trade around $97 a barrel.
Gasoline prices in the United States continued to march higher, rising 7 cents Tuesday to a nationwide average of $3.79 a gallon – the highest price for a gallon of regular gas since October 2023, according to the American Automobile Association.
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