Oil Climbs on Iran's Gulf Threats, But Stays Well Short of $100
Tanker traffic through the Strait of Hormuz slowed after Iran threatened retaliation for US attacks, yet supply disruptions have not been enough to push crude past the $100 mark.
Oil extended its climb as Iran threatened retaliation against Gulf energy infrastructure and traffic through the Strait of Hormuz slowed, though prices remain below $100 a barrel.
MARKET REPORTBULLISH