Oil Prices Hit 1-Month High as Hormuz Shipping Crawls | Newsmax.com

but still below its April peak, when prices surged above $120 a barrel.

West Texas Intermediate crude, the U.S. benchmark, also gained about 4%, trading near $82 a barrel.

The increase came as the conflict with Iran continued to disrupt energy shipments through the Strait of Hormuz, one of the world’s most important oil transit routes.

The Times reported continue reading …