NewzCrude oil futures climbed by more than $1 a barrel, with Brent futures settling at $88.52 a barrel—an increase of $1.45, or 1.67 percent, according to Reuters.
The price increase was driven by recent tanker attacks and a lack of progress regarding a peace agreement between the United States and Iran.
Additionally, the market movement coincided with warnings from an expert regarding an impending 'day of reckoning.'
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