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Oil Prices Jump Over 8%: Mukesh Sahdev Warns of a Looming Blockade of the Hormuz Strait

Oil
International Business Times Fews App News Provider
Fews App Post Time 18d ago

Iran's Revolutionary Guards had seized the vessel in the Strait of Hormuz on July 19,2019 after surrounding it with attack boats and rappelling onto its deck. CHRISTOPHER PIKE/POOL/AFP/Getty Images KEY POINTSBrent crude rose 8. 7% above US$75 per barrelNorth Sea oil increased 11% to US$78West Texas Intermediate advanced 7.

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