Oil Prices Rise After Reports of Explosions on Iran’s Qeshm Island
Oil prices climbed more than 1.5 percent early on Tuesday after reports of explosions on Iran’s Qeshm Island in the Strait of Hormuz. Brent crude futures rose $1.84, or 1.76 percent, to $106.61 a barrel by 2:44 a.m. ET, while U.S. West Texas Intermediate ( …