Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz, as Iran, working with Oman, suggested banning vessels deemed hostile ​from the strait and heavily fining those which violated the proposed rules. ›

Oil prices climbed on Thursday ​as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via ‌the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf... Read more