Oil Prices Hold Near $114 as Hormuz Tensions continue to threaten Supply Lines

Oil prices remained elevated on Tuesday, holding close to $114 per barrel, as intensifying geopolitical tensions around the Strait of Hormuz continued to unsettle global energy markets, according to reports from Reuters, Bloomberg and regional outlet Asharq News. Brent crude stabilised near this level following a sharp 6% rally earlier in the week, while US […] The post Oil Prices Hold Near $114 as Hormuz Tensions continue to threaten Supply Lines appeared first on The Middle East Observer.