Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will “under no circumstances” return to its previous state.
Brent crude, the international benchmark, was up about 2.14% to $107.58. US crude was up 2.08% to $96.36.
Iran’s president Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif that ongoing US actions were undermining trust and complicating paths to dialogue, according to Iran’s state broadcaster. The accusations come a week after Iran accused the United States of “breaches of trust” and once again closed the Strait of Hormuz.
Pezeshkian also said
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