Oil-prices-rise

Oil prices were trading nearly 2% higher on Monday after the U.S. attacked ‌an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month.Brent crude futures climbed $1.77, or 2%, to $89.87 a barrel by 0733 GMT while U.S. West Texas Intermediate crude was at $84.85, up $1.45, or 1.74%.U.S. forces ​struck two launchers on Iran's Larak Island in the Strait of Hormuz on Sunday, the first known American ​strikes on the country since late...

Oil prices rose on Monday as fading expectations of a U.S.-Iran peace breakthrough and slower tanker traffic through the Strait of Hormuz reinforced geopolitical risk concerns in the market.Brent crude ​futures rose as much as 1% to $89.40 per barrel and were last trading ​up 72 cents at $89.20 by 0229 GMT. The U.S. West Texas Intermediate crude futures ⁠rose 44 cents to $82.83 a barrel.Both contracts gained more than 5% last week ​following attacks on tankers operated by Abu Dhabi National Oil...