Post: Oil prices rise nearly 6% as U.S. military blockade of Iranian ports takes effect

Oil prices rise nearly 6% as U.S. military blockade of Iranian ports takes effect

Oil prices rise nearly 6% as U.S. military blockade of Iranian ports takes effect
Oil prices rose nearly 6 percent in Monday’s trade as the U.S. military began a blockade of Iranian ports following failed weekend talks between the U.S. and Iran.