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Oil is surging as traders brace for the UK’s response to Iran’s seizure of a British-flagged oil tanker
07/22/2019 General World News
A British-flagged oil tanker Stena Impero which was seized by the Iran's Revolutionary Guard on Friday is photographed in the Iranian port of Bandar Abbas, Saturday, July 20, 2019. The chairman of Britain's House of Commons Foreign Affairs Committee says military action to free the oil tanker seized by Iran would not be a good choice. Tom Tugendhat said Saturday it would be

  • Oil prices surged on Monday as traders braced for potential supply disruptions following Iran’s seizure of a British-flagged oil tanker last week.
  • West Texas Intermediate and Brent crude prices rose more than 2% after Iran seized the Steno Impero and signaled it wouldn’t let go of the vessel until the UK released an Iranian-flagged ship it seized earlier this month.
  • Prime Minister Theresa May is chairing a meeting of the UK government’s Cobra emergency committee, and Foreign Secretary Jeremy Hunt could announce a freeze on Iranian assets later today.
  • Watch oil trade live.

Oil prices surged on Monday as traders braced for potential read more >>>

Source:: BusinessInsider.Com

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