Oil prices rise again

Pars Today – Reuters reported early Monday that global oil prices rose again amid continued uncertainty over the reopening of the Strait of Hormuz.

According to Pars Today, Reuters reported that Brent crude futures rose by $1.20, or 1.44%, to $84.79 per barrel.

West Texas Intermediate (WTI) crude also rose by $1.08, or 1.12%, to trade at $79.29 per barrel.

Al Jazeera also reported that oil prices rose in morning Asian trading as uncertainty continued over the prospects for reopening the Strait of Hormuz.