Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz
- Oil prices increased on Wednesday following attacks on two vessels in the Strait of Hormuz conducted by Iran, which is reportedly using new tactics to target ships.
- Brent crude futures rose 0.3% to $106.03 a barrel, while US West Texas Intermediate crude increased by the same percentage to $94.42 a barrel.
- Iranian officials revealed a shift in strategy against vessels they claim are violating their restrictions, leading to a rise in attacks over the past ten days.
