Oil Prices Surge by Nearly 4 Percent Following US Maritime Operation Announcement
Doha: Oil prices surged by nearly 4 percent today, reaching $99.36 a barrel, after the US announced a maritime operation in the Strait of Hormuz. Brent crude futures rose $4.16, or 4.4 percent, to settle at $99.36. US West Texas Intermediate (WTI) cru…