Mumbai, Sept. 7 -- WTI crude oil is seen climbing back near a two-week high on Monday morning in Asia amid ongoing geopolitical tensions between US and Iran. The conflict reportedly intensified over the weekend when the US targeted three Iranian oil tankers in retaliation for ballistic missile attacks against US Navy warships. Tehran responded by declaring a new restricted zone beyond the Strait of Hormuz, stretching across part of the Persian Gulf and encompassing the US Navy's blockade line. The WTI counter is trading at $92.13 per barrel, up 0.71% while Brent is up 0.63% at $96.90 per barrel.
Published by HT Digital Content Services with permission from Capital Market....