Live Updates: Iran looks to expand control of Strait of Hormuz as oil, gas prices continue to climb
- The price of Brent crude, the international standard for oil, added 67 cents, reaching $96.95 per barrel.
- S., the average price of regular gas was $4.14 a gallon going into Labor Day weekend, nearly a dollar higher than la
- Iran has said Tehran plans to establish an “exclusion zone” outside the Strait of Hormuz targeting vessels it believes are attempting to transit the strategic waterway.
Confirmed
- Iran has said Tehran plans to establish an “exclusion zone” outside the Strait of Hormuz targeting vessels it believes are attempting to transit the strategic waterway.
Unverified
- The price of Brent crude, the international standard for oil, added 67 cents, reaching $96.95 per barrel.
- S., the average price of regular gas was $4.14 a gallon going into Labor Day weekend, nearly a dollar higher than la
Sources: CBS News, The Independent