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Home » Oil rises as Iran says it won’t soften Strait of Hormuz demands
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Oil rises as Iran says it won’t soften Strait of Hormuz demands

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Brent for November settlement climbed 2.6% to $107.02 a barrel at 12:54 p.m. in Singapore.
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Oil rose as Iran said it wouldn’t soften its conditions to reopen the Strait of Hormuz after President Donald Trump rejected its proposal to do so, dashing hopes of a speedy resumption of traffic through the crucial waterway.Brent advanced to around $107 a barrel, while West Texas Intermediate climbed above $94. Tehran’s conditions are something…

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