Oil Rises on Flare-Up in US-Iran Tensions and Inventory Decline


In another sign of rising tensions, a US-flagged oil tanker was hailed by Iranian ships in the Straits of Hormuz, a vital waterway for the global trade. Iran’s Islamic Revolutionary Guard Corps “harassed” the Stena Imperative, which is part of a US-military fuel procurement program, as it made the transit, US Central Command said.



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