Oil prices rise after vessel targeted near Strait of Hormuz

Oil prices rise after vessel targeted near Strait of Hormuz Oil prices rose about 2 percent on 26 June after a cargo ship was struck by an unidentified projectile near Oman, renewing concerns about the security of shipping through the Strait of Hormuz and the pace of recovery in regional oil exports. Brent crude settled up $1.52, or 2.1 percent, at $75.26 a barrel, while US West Texas Intermediate gained $1.58, or 2.3 percent, to $71.92. The gains followed a sharp decline a day earlier, when both benchmarks fell to