Hormuz stalemate keeps oil prices elevated, Brent nears $110
New Delhi: Global oil prices rose early Tuesday as the US and Iran remained at odds over ending the war and reopening the Strait of Hormuz, a key global energy chokepoint.
At 8.35 PM, the June contract of Brent on the Intercontinental Exchange is trading at $109.31, higher by 1%, while the May contract of West Texas Intermediate on the Nymex rose 0.98% to $97.31 per barrel.
