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Reuters reports Iran is changing its tactics to intensify attacks on ships, with the aim of keeping global oil prices elevated ahead of the November 3 U.S. elections. A senior Iranian official says Tehran wants to undermine U.S. efforts to lower energy prices. The waterway normally carries 20% of global oil and LNG sup
Iran has urged countries to resist Washington’s sanctions campaign while signaling that access through the Strait of Hormuz and a possible return to diplomacy could depend on the U.S. easing economic pressure and addressing wider Middle East conflicts. Iran Warns Countries Against US Sanctions On Friday, Iran’s Foreign
() -- (Updates prices in the second paragraph and and EIA storage data in the final paragraph.) West Texas Intermediate (WTI) crude oil rose to a one-month high on Wednesday as fighting between the US and Iran intensified, keeping the Strait of Hormuz blocked. WTI crude oil for August delivery closed up $0.26, or 0.3%,
() -- Crude oil futures were little changed in midday trading on Wednesday as markets weighed a new wave of US military strikes against Iran to limit its ability to strike ships in the Strait of Hormuz against a smaller-than-expected drop in US crude oil inventories. Front-month West Texas Intermediate crude futures ea
() -- Oil edged higher to the highest in a month early on Wednesday as fighting between the US and Iran intensified, keeping the Strait of Hormuz blocked again. West Texas Intermediate crude oil for August delivery was last seen up $0.37, or 0.5%, to $79.71 per barrel, the highest since June 15, while September Brent o