Conflict fuels price hikes

Gas prices rose to their highest in four weeks after U.S. President Donald Trump announced that the United States would reinstate a naval blockade against Iran.

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A gas station in Seocho District, southern Seoul, on July 14. Oil prices rose on the day to their highest in four weeks after U.S. President Donald Trump announced that the United States would reinstate a naval blockade against Iran. Brent crude rose to its highest since June 12, climbing nearly 4 percent to trade above $86 per barrel.

A gas station in Seocho District, southern Seoul, on July 14. Oil prices rose on the day to their highest in four weeks after U.S. President Donald Trump announced that the United States would reinstate a naval blockade against Iran. Brent crude rose to its highest since June 12, climbing nearly 4 percent to trade above $86 per barrel. 

brent crude business iran donald trump naval blockade oil prices

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