English
العربية
Français
Deutsch
Español
русский
हिंदी
اردو
LoginOil Gains on Hormuz Shipping Disruptions, Stalled US-Iran Talks
Singapore, May 1 (QNA) - Oil prices climbed on Friday as persistent disruptions to shipping through the strategic Strait of Hormuz and stalled US-Iran talks heightened concerns over global supply.
Brent crude futures for July delivery rose 89 cents, or 0.8%, to $111.20 a barrel, while US West Texas Intermediate (WTI) crude gained 37 cents, or 0.4%, to $105.44 a barrel.
Both benchmarks were on track for strong weekly gains, with Brent set to rise about 5.7% and WTI heading for a 11.7% increase, supported by supply concerns and ongoing geopolitical tensions. (QNA)
chat
Hello! How can we help?
Beta
