Global crude oil prices update after Iran shut Strait of Hormuz again

The prices of crude lipid person remained level astatine beneath $100 per tube aft Iran announced the closure of the Strait of Hormuz hours aft reopening.

Checks by DAILY POST showed that West Texas Intermediate and Brent crude stood astatine $83.85 per tube and $90.38 arsenic of the clip of filing this report, astir the aforesaid complaint recorded connected Saturday.

Recall that WTI and Brent crude prices fell by 11 and 9 percent, respectively, connected Iran’s earlier announcement of the afloat opening of the Strait of Hormuz.

Recall that the Iranian subject had blamed the United States implicit its determination to re-close the Strait of Hormuz. The Iranian authorities had insisted that the US region its blockage astatine the Strait of Hormuz.

Reacting, US President Donald Trump described Iran’s determination to adjacent the Strait of Hormuz again arsenic blackmail.

DAILY POST reports that portion the Middle East situation enters its 50th day, ripple impacts ...