Oil prices extend run higher as US-Iran tensions intensify

After an epic climb down in June, is it time to go back the other way? WTI crude is now up 14% in July and looks poised once again to move back above $80 as US-Iran tensions flare up again. Just as it would seem there is a little bit of hope, US president Trump yesterday said that they would reinstate the naval blockade and "take over" the Strait of Hormuz…

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