Oil Jumps Near $82.50 as US-Iran Tensions Disrupt Strait of Hormuz
WTI crude rises over 1% to $82.50 after Iran sets conditions for reopening the Strait of Hormuz, fueling supply concerns. West Texas Intermediate crude climbed 1.3% to near $82.50 on Tuesday, extending Monday’s 7% surge amid escalating US-Iran tensions. Iran’s demand for U