Oil Prices Climb as US-Iran Tensions Disrupt Strait of Hormuz Traffic
WTI crude rises 3.5% to $73.90 amid halted shipping and escalating Middle East tensions ahead of US CPI data. Oil prices extended gains as US-Iran tensions kept the Strait of Hormuz closed, halting critical shipping routes. WTI crude rose 3.5% to $73.90, consolidating near