Oil prices settle near 4-week high as Middle East crisis escalates
Crude oil prices rose on Wednesday and settled at the highest in nearly four weeks, as investors worried about escalating tensions in the Middle East after the United Arab Emirates decided to suspend all financial and economic transactions with Iran, and as ship traffic through the Strait of Hormuz remained slow.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theglobeandmail.com — the content belongs to The Globe and Mail.