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France 24
France 24
Business
Charles PELLEGRIN

Oil prices on the rise again as US-Iran fighting escalates

Mỹ United States Oil Iran Lula 3 Amazon (Location) Australia crude oil the Strait of Hormuz
BUSINESS © FRANCE 24

Benchmark prices for crude oil rose on Thursday as Iran said it targeted a US airbase in response to American air strikes. Commercial traffic through the Strait of Hormuz, which had slightly ticked up in previous days, dwindled down to almost nothing again. Also in this edition: Australia takes legal action against US consumer goods giant 3M over "forever chemicals" in firefighting foam. Plus Brazilian leader Lula endorses more oil and gas exploration in the Amazon.

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