US oil prices may cross $100 as Iran restricts Strait of Hormuz, surge odds hit 44%
Chances of Another oil vessel was hit by a projectile in the same area, as reported by maritime agencies. Iran’s military said restrictions are back because of “repeated breaches of trust” by the US. Iran’s Khatam al-Anbiya command said the strait is now under “strict management and control”. Iran said restrictions will continue unless the US ensures full freedom for Iranian ships. Ships linked to the Islamic Revolutionary Guard Corps were involved in firing and control operations.Oil price risk risesIran ...