US-Iran war, July 15 -- Oil prices extended their gains for a third consecutive session on Wednesday, 15 July, after President Donald Trump warned of additional strikes on Iran, just hours after the US reinstated its blockade of Iranian shipping through the Strait of Hormuz.

Brent crude settled at its highest level since June 12, while West Texas Intermediate (WTI) reached its strongest close since June 15 before advancing further in early Wednesday trading.

Brent crude was up $1.46, or 1.72%, at $86.19 per barrel, while WTI gained $1.11, or 1.4%, to trade at $80.40 per barrel.

US President Donald Trump was quoted as saying by Fox News that military strikes on Iran would continue and warned that the US could target power plants and bri...