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Nearly 1,500 commercial vessels have crossed the strait under U.S. protection, while Brent crude reached $119.97 per barrel on Sept. 28.
Oil prices climbed on Monday after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, restoring some geopolitical premium to both Brent and West Texas Intermediate.Brent crude rose about 1.5% to $106 a barrel in Asian trading, while WTI gained roughly 1.1% to $93…
Strait of Hormuz tensions have lifted crude prices, placing US energy, airline, trucking and cruise stocks under renewed market focus.