Oil Prices Climb as U.S.-Iran Conflict Escalates, Raising Fears Over Global Supply Routes
Reuter Oil prices rose on Friday as escalating military tensions between the United States and Iran heightened concerns over disruptions to global energy supplies through two of the world’s most critical shipping routes—the Strait of Hormuz and the Red Sea.Brent crude futures gained 70 cents, or 0.83%, to $84.93 a barrel, while U.S. West Texas…
