Iran Tensions Lift Brent to Seven-Month High as U.S. Stocks Fall
Photo: TokenPost
Brent crude reached a seven-month high Friday as Iran's Islamic Revolutionary Guard Corps Navy said two supertankers struck mines near the Strait of Hormuz and U.S. stocks fell across the board. Brent futures settled at $116.72 a barrel, up $3.55, or 3.14%, for the session and more than 6.2% for the week. U.S. benchmark West Texas Intermediate ended at $103.27, gaining $3.80, or 3.82%, Friday and more than 4.3% on the week. The Navy said the two tankers had tried to cross the southern part of the strait illegally and hit mines earlier Friday. President Donald Trump said Oct.
Source: TokenPost
