Brent oil rises above $100 after Iran seizes container ships, U.S. maintains naval blockade
Oil prices rose Wednesday after Iran's Revolutionary Guard said it seized two container ships as they tried to cross the Strait of Hormuz.
Oil prices rose Wednesday after Iran's Revolutionary Guard said it seized two container ships as they tried to cross the Strait of Hormuz. Grouped from 2 articles across 2 sources.
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Oil prices rose Wednesday after Iran's Revolutionary Guard said it seized two container ships as they tried to cross the Strait of Hormuz.
Brent declined as much as 2 per cent to near US$97 a barrel.
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Two tankers ferried at least nine million barrels of oil to the market in the last week.
The scale of the disruption has revived comparisons with past energy shocks.
The vessel reportedly loaded about two million barrels of crude on Iran’s Kharg Island on April 5.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region. Grouped from 40 articles across 11 sources.