Oil prices climbed Friday as Iran conflict resolution efforts stalled, with Tehran blocking the Strait of Hormuz and the U.S. Navy restricting Iranian crude exports. Brent crude futures rose to $111.59 a barrel, and WTI futures reached $105.46, marking four consecutive months of gains. Tensions escalated with threats of “long and painful strikes” on U.S. positions if attacks resume.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets