Oil prices climb on Middle East unrest

Oil prices rose following escalating tensions between the United States and Iran, leading to a slowdown in shipping flows through the Strait of Hormuz and reports of resumed oil loading at Saudi Arabia's Ras Tanura terminal after a four-month halt, as part of efforts to boost production ahead of reaching a final agreement. Brent crude increased to $72.57 per barrel, while West Texas Intermediate rose to $70.11, amid ongoing political tensions and diplomatic efforts to stabilize transportation operations.

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