Oil Prices Hit Near Seven-Week Highs, Before Edging Lower, as Iran Plans to Increase Control of Hormuz

3-line summary

• Oil prices hit near seven-week highs before edging lower, as Iran plans to increase control of the Strait of Hormuz, according to a MarketWatch report.
• West Texas Intermediate and Brent crude contracts were steady after rising earlier in the session, the report said.

This summary is our own processing of the source article; see the source link below for full context.