Oil Prices Climb as Trump Threatens New Strikes on Iran ...Middle East

Crude oil prices extended their earlier climb as President Trump issued his latest threat to Iran, following the first exchange of fire in weeks. At the time of writing, Brent crude was trading at $91.48 per barrel, with West Texas Intermediate at $86.97 per barrel, both up by over $1 per barrel from Monday. Shipping data shows tanker traffic in the Strait of Hormuz remains at a fraction of pre-war levels, with Reuters citing figures suggesting daily oil flows out of the Persian Gulf averaged 6 million barrels, with Kpler data showing just five…

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