Oil prices traded higher on Friday, building on the previous session’s gains amid doubts over ongoing efforts to fully reopen the Strait of Hormuz, a vital shipping route for global energy supplies.
Brent crude futures edged up by 0.3 percent toward $83 a barrel, while WTI crude futures were up 0.4 percent at $77.58.
Middle East tensions flared again following attacks by the Iran-aligned Houthis on a military camp in Yemen and in Saudi Arabia, a major oil supplier.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Oil Extends Gains On Hormuz Deal Doubts
2026-08-07 09:43:55
