Market News

    Oil prices edge higher after US says Iran blockade fully implemented

    Oil prices reversed course to rise in Asian trade on Wednesday after the U.S. military said a naval blockade on Iran had been fully implemented, complicating hopes for more ceasefire talks. 

    Brent oil futures rose 0.4% to $95.18 a barrel, while West Texas Intermediate crude futures rose 0.2% to $88.36 a barrel by 22:43 ET (02:43 GMT). 

    Source : Investing.com