Oil Prices Surge as US Reinstates Iranian Shipping Blockade

August WTI crude contracts spiked nearly ten percent on Monday following a dramatic increase in military friction between Washington and Tehran. Yahoo Finance reports that prices hit multi-week highs after the White House announced a new blockade on Iranian vessels attempting to

August WTI crude contracts spiked nearly ten percent on Monday following a dramatic increase in military friction between Washington and Tehran. Yahoo Finance reports that prices hit multi-week highs after the White House announced a new blockade on Iranian vessels attempting to