Oil prices are rising as uncertainty over the war in Iran continues, despite apparent progress in talks over the Strait of Hormuz. CBS News contributor Javier David has more.
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Crude oil prices began this week with a gain following a statement by Iran setting six demands for a peace deal with the United States and claims from the Houthis that they had struck an Aramco refinery in Jazan. At the time of writing, Brent crude was trading at $84.
Oil prices are rising as uncertainty over the war in Iran continues, despite apparent progress in talks over the Strait of Hormuz. CBS News contributor Javier David has more.
Crude oil prices moved higher today as the chances of a lasting peace between the United States and Iran shriveled following Iran’s release of six conditions earlier this week and President Trump’s unsurprising reaction to them. At the time of writing, Brent crude traded at $87.
US president demands compensation for damage incurred by US, complicating standoff with Tehran European stock markets have opened flat to slightly higher, while oil prices continue to push higher. The UK’s FTSE 100 is trading 3 points higher at 10,865.
