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() -- Oil moved higher early Friday as fighting between the U.S. and Iran continues, while some ships continue to move out of the Persian Gulf through the Strait of Hormuz, boosting supply. West Texas Intermediate crude oil for August delivery was last seen up $0.61, or 0.9%, to $72.69, while September Brent oil was up
US Central Command says that commercial maritime traffic through the Strait of Hormuz increased on Saturday, even as Iran announced the closure of the vital waterway. Safe passage remained intact, with 55 merchant ships transiting the Strait, US Central Command said in an X post on Saturday. The vessels moved more than