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Oil rises as uncertainty continues over reopening of Strait

Oil rises as uncertainty continues over reopening of Strait

Oil rises as uncertainty continues over reopening of Strait 150 150 admin

PERTH, Aug 10 (Reuters) – Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its final stages, but the U.S. must still meet other conditions.

Brent crude futures rose $1.20, or 1.44%, to $84.79 by 2206 GMT while U.S. West Texas Intermediate was at $79.29 a barrel, or 1.08%, rising $1.12.

(Reporting by Helen ClarkEditing by Nick Zieminski)

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