Iran Claimed Four Vessels Were Hit in the Hormuz Strait. Oil Prices Are Jumping Again.

Source: International Business Times

Brent crude hovered above $113 a barrel on Friday as geopolitical tensions continue to escalate. Getty Images Oil prices are jumping again on Friday after Iran said four vessels were hit in the Strait of Hormuz. Brent crude, the international benchmark, gained more than 2% and stood above $113 a barrel at 8:08 a.