Oil rebounds as Houthi strike claim adds tension to Hormuz diplomacy

1 min read
Source: CNBC
Oil rebounds as Houthi strike claim adds tension to Hormuz diplomacy
Photo: CNBC
TL;DR

Oil prices ticked higher after Yemen's Iran-backed Houthis claimed to strike a Saudi tanker near Yanbu in the Red Sea, denting hopes for a ceasefire as talks to stabilize the Strait of Hormuz continue. Brent crude rose about 1% to $80.22 a barrel and WTI advanced roughly 0.46% to $76.12.

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