Browsing: Brent

Oil prices are on track for a weekly gain of more than 13% as escalating tensions between the United States and Iran revived concerns over potential disruptions to crude supplies through the Strait of Hormuz.

Brent and US West Texas Intermediate (WTI) climbed as the oil market extended its weekly rally on renewed geopolitical tensions in the Middle East and concerns over disruptions to crude flows through the Strait of Hormuz.