Crude Climbs on Renewed U.S.-Iran Hostilities and Threats to Key Shipping Lanes
Oil prices rose sharply for a fourth consecutive day as intensified clashes between the U.S. and Iran and threats to critical maritime chokepoints drove supply disruption concerns. Brent briefly topped $95 a barrel for the first time since June 11, while U.S. inventories including emergency reserves continued to tighten, with the Strategic Petroleu…