Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz
TOKYO: Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections. Brent crude futures rose 34 cents, or 0.3 percent, to $106.03 a barrel by 09:30 a.m. Saudi time, while US West Texas Intermediate crude…
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