Oil hits three-week high as Hormuz shipping fears grow amid Iran tensions

Oil prices hit a three-week high as Strait of Hormuz shipping fears and supply disruptions raise risks, while traders watch Iran tensions and US oil stocks. (REUTERS/Sodiq Adelakun/File Photo) (REUTERS)

Oil prices hit a three-week high on Wednesday as traders worried about the safety of ships passing through the Strait of Hormuz and continued problems with global oil supplies. Oil prices hit a three-week high as Strait of Hormuz shipping fears and supply disruptions raise risks, while traders watch Iran tensions and US oil stocks. … Read more