The price of U.S. crude oil rose 8% to $104.24 a barrel and Brent crude oil, the international standard, rose 7% to $102.29.
President Donald Trump said the United States Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a ...
The blockade on ships “entering or departing Iranian ports and coastal areas” will begin on Monday, U.S. Central Command said ...