Oil prices increased on 9 April due to uncertainties surrounding a two-week Middle East ceasefire, raising fears that energy shipments through the vital Strait of Hormuz may remain constrained, reported Reuters. By 08:56 GMT, Brent crude futures had increased by $3.69, or 3.9%, reaching $98.44 per barrel (bbl). Meanwhile, US West Texas Intermediate (WTI) crude climbed $3.47, or 3.7%, to $97.88/bbl. In the previous trading session, both benchmarks dropped below $100/bbl as early optimism about the ceasef ...