Oil prices rose to near their highest level in a month

Oil prices increased by more than 9% upon settlement, reaching their highest level in a month, following the announcement of the re-imposition of An American naval blockade will include the entire Iranian coast, ports, and stations ‌Oil.
Brent crude futures increased at settlement by $7.29 per barrel, or 9.59%, to reach $83.30 per barrel.
While US West Texas Intermediate crude rose at settlement by $6.73, or 9.42%, to $78.14 per barrel.

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