BusinessOil Prices Rise as Iran Maintains Strait of Hormuz Conditions
Oil prices increased as Iran insisted on a seven-day proposal for reopening the Strait of Hormuz, which US President Donald Trump rejected, risking further delays. Brent crude rose above $106 per barrel, and West Texas Intermediate neared $94. Trump said Iran's demands were outdated and expects negotiations to resume soon. The conflict has pushed Brent prices up over 70% this year, impacting global inflation.
Mint Markets·2h ago




