WTI crude rose 5.00% intraday to $80.17 per barrel, while Brent crude gained 5.00% to $85.58 per barrel. According to Odaily, Iran’s Foreign Ministry reiterated that the U.S. maritime blockade against Iran is an act of aggression.
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Oil Prices Rise 5% as Iran Repeats U.S. Maritime Blockade Is an Act of Aggression