
Oil prices rose 4% amid unresolved Iran-US ceasefire prospects, as Iran pledged not to reopen the Strait of Hormuz while a US naval blockade remains, despite a ceasefire extension, fueling uncertainty for energy markets.

Oil prices rose 4% amid unresolved Iran-US ceasefire prospects, as Iran pledged not to reopen the Strait of Hormuz while a US naval blockade remains, despite a ceasefire extension, fueling uncertainty for energy markets.