Oil Prices Rise Amid US-Iran Tensions Over Strait of Hormuz
UKPulse Markets Desk
Oil prices have risen above $89 per barrel, marking the sixth consecutive session of increases, as tensions between the US and Iran continue regarding control of the Strait of Hormuz.
- Oil prices exceeded $89 per barrel on Wednesday morning.
- This marks the sixth consecutive session of rising oil prices.
- Tensions between the US and Iran over the Strait of Hormuz are ongoing.
Oil prices surpassed $89 per barrel on Wednesday morning, extending a six-session streak of increases. This rise comes amidst ongoing tensions between the United States and Iran concerning control of the Strait of Hormuz.
The Iranian regime has reportedly stated that the US must end the war before they will ease their control over the Strait.