Oil climbs as Hormuz risks rise
2 sources·Updated August 7, 2026
Covered by 2 sources
- Dawn Business PK·6h agoOil climbs as Hormuz risks rise
HOUSTON: Oil prices rose by more than $3 a barrel on Thursday on news that an Iranian parliament committee is reviewing a bill that would ban US and Israeli vessels from the Strait of Hormuz and fine violators up to a fifth of the value of their cargo. Brent crude futures gained…
Read at Dawn Business PK → - Express Tribune Biz·8h agoOil rises on concerns over Strait of Hormuz reopening plans
Brent crude futures rise 80 cents, or 0.97%, to $83.29 a barrel
Read at Express Tribune Biz →
