“Brent crude rose to a three-month high amid concern that Middle East political tension may disrupt oil supplies.
Brent climbed as much as 1.9 percent after the U.S. said one of its guided-missile destroyers collided with an oil tanker near the Strait of Hormuz in the Persian Gulf. Israel will hold home defense drills this week as the Haaretz daily reported that the nation is considering a strike against Iran over its nuclear program. Brent has advanced 17 percent since European Union sanctions against Iran took effect last month.”
If you enjoy the content at iBankCoin, please follow us on Twitter
