Oil rises more than 1% as U.S.-Iran fighting renews Hormuz risk
Oil prices rose more than 1% as renewed U.S.-Iran fighting revived concerns about potential disruptions to energy flows through the Strait of Hormuz. Front-month Brent was up 1.4% to $91.72 a barrel in European trading.
By Farhan RafidOil prices rose more than 1% Tuesday as renewed fighting between the U.S. and Iran heightened concerns that disruptions to energy flows through the Strait of Hormuz could persist.The front-month Brent crude contract rose 1.4% to $91.72 a barrel in European trading, while West Texas I…