Global oil prices ease after Iran confirms 30 vessels crossed Strait of Hormuz
Crude oil futures dipped slightly on Thursday after Iran’s state media said about 30 vessels had crossed the Strait of Hormuz in recent hours, while the semi-official Fars news agency cited a source saying Iran had begun allowing transit for some Chinese vessels.
Brent crude oil futures were down 73 cents, or 0.7%, at $104.90 a barrel at 11:21 a.m. ET (1521 GMT), easing from an earlier high of $107.13. U.S. West Texas Intermediate futures were down 20 cents, or 0.2%, at $100.82.
