Oil Rises as Hormuz Shuts, Iran Strikes Intensify, Trump Deadline Looms

Oil prices increased on Tuesday as a deadline from U. S. President Donald Trump approached, demanding Iran reopen the Strait of Hormuz or face attacks on its infrastructure. By 1209 GMT, Brent crude futures rose by 1.39 to 111.16 per barrel, while U. S. West Texas Intermediate (WTI) crude reached nearly a four-week high at [] The post Oil Rises as Hormuz Shuts, Iran Strikes Intensify, Trump Deadline Looms appeared first on Modern Diplomacy.