Crude oil prices showed stability following the United States' threat to impose an indefinite blockade on Iran. Brent crude futures saw a marginal increase of 1 cent, or 0.1%, reaching $87.08 per barrel by 0247 GMT. Simultaneously, US West Texas Intermediate (WTI) crude futures climbed by 6 cents, settling at $81.31 per barrel.
Economy
Oil prices remain steady following US threat of indefinite blockade on Iran
Global crude oil prices have stabilized as the market reacts to the United States' threat of an indefinite blockade against Iran.
Source: The Business Standard