BusinessPhoto: Deccan HeraldOil Prices Rise as Iran Targets Ships in Strait of Hormuz
Oil prices rose on Wednesday after two vessels were hit in the Strait of Hormuz. Iranian officials told Reuters they are using new tactics to target ships, aiming to keep oil prices high and influence US midterm elections. Brent crude rose to $106.32 a barrel, and US West Texas Intermediate reached $94.80. The UK Maritime Trade Operations confirmed attacks on a container ship and a tanker.
Deccan Herald·



