Tensions between Iran and the United States affected the Strait of Hormuz, and Brent crude oil rose by 5 per cent to $85.58

TENSIONS BETWEEN IRAN AND THE UNITED STATES AFFECTED THE STRAIT OF HORMUZ, RESULTING IN A 5 PER CENT INCREASE IN THE PRICE OF BRENT CRUDE OIL, WHICH IS NOW REPORTED AT $85.58. WTI CRUDE OIL IS EXPECTED TO REACH $90 IN JULY, WITH A CURRENT RATE OF INCREASE OF 39.5 PER CENT。