Oil rises on reports US will extend Iran blockade, prolonging Mideast supply disruptions

Donald Trump

BEIJING: Oil prices rose on Wednesday (Apr 29), extending a multi-day rally, on reports that the US will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region. US President Donald Trump has instructed aides to prepare for an extended blockade of Iran, the Wall Street Journal reported late on Tuesday, citing US officials. Trump will opt to continue to squeeze Iran's economy and oil exports by preventing shipping to and from its ports,

Tag-uri: Donald Trump

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