Oil prices jump 2% after Iran attacks Qatari tanker near Strait of Hormuz
By
Sam Meredith, Spencer Kimball
Summary
Oil prices surged more than 2% after Iran attacked a Qatari LNG tanker near the Strait of Hormuz, a critical chokepoint for global oil traffic. Brent crude rose to $73.75/barrel and WTI to $70.13/barrel. The attack underscores the fragility of the U.S.-Iran interim peace agreement as both sides negotiate a permanent end to their conflict.
Source
bskyOil prices jump 2% after Iran attacks Qatari tanker near Strait of Hormuzcnbc.comKey quotes
· 3 pulledOil prices rose Tuesday after Iran attacked a tanker from Qatar near the strategically vital Strait of Hormuz.
The attack near the waterway, which typically handles around 20% of the world's oil traffic, reaffirm the fragility of the U.S. and Iran's interim peace agreement, as they negotiate a permanent end to their war.
Brent crude futures, the international benchmark, were last seen trading 2.4% higher at $73.75 per barrel.
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