Oil rises on intensifying US-Iran hostilities

17 hours ago

Oil prices rose on Friday after the United States and Iran intensified attacks across the Gulf, disrupting oil flows through the Strait of Hormuz and raising fears of further supply disruptions in the Red Sea. Brent crude futures rose 70 cents, or 0.83 percent, to $84.93 a barrel by 0312 GMT, while US West Texas Intermediate (WTI) crude gained 81 cents,