As the war against Iran continues, prices at the pump in the US continue to hit some of their highest levels on record.
Global oil prices climb markedly after renewed tensions in the Strait of Hormuz and the uncertainty of the prospects of further negotiations between Iran and the United States.
Crude oil prices have risen sharply, while stocks are down, as investors weigh the fallout of the US-Israeli attacks on Iran.
Oil prices moved up sharply on Thursday, climbing above $71 per barrel, following Iran’s naval exercises in the Strait of Hormuz and the Sea of Oman.