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Oil Prices Rise After Hormuz Vessel Attacks

Oil prices climbed on Wednesday following vessel strikes in the Strait of Hormuz and reports of new Iranian targeting tactics. Brent crude rose to $106.03 a barrel amid mounting supply concerns across the Middle East.

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FILE PHOTO: A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo

Brent Crude Oil rose 34 cents, or 0.3%, to $106.03 a barrel on Wednesday morning after Iran deployed new tactics to target vessels in the Strait of Hormuz.
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