Oil Extends Gain as Hormuz Traffic Grinds to a Halt

bloomberg

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Original Report

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Oil rose for a fourth day as the US and Iran remained locked in a battle for control of the Strait of Hormuz after failing to meet for a fresh round of peace talks. Traffic through the waterway ground to a halt on Thursday, with just one bulk carrier seen moving through the strait and none seen entering. Bloomberg’s Stephen Stapczynski reports.