Oil prices rise amid escalating tensions between Washington and Tehran

Oil prices rose on Wednesday, continuing gains from the previous day, after the United States shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged ship in the Strait of Hormuz, renewing fears of heightened tensions between Washington and Tehran.اضافة اعلان

Brent crude futures climbed 65 cents, or 1.0%, to $67.98 per barrel at 01:11 GMT. U.S. West Texas Intermediate (WTI) crude rose 69 cents, or 1.1%, to $63.90 per barrel. Both benchmarks had increased by nearly 2% on Tuesday.

The U.S. military announced on Tuesday that it had shot down an Iranian drone that approached the USS Abraham Lincoln “aggressively” in the Arabian Sea. (Reuters)