Oil prices extended gains on Thursday after big increases in the previous session amid reports of action against ships by both Iran and the US and stalled peace talks.
Tensions in the strategically vital Strait of Hormuz escalated sharply on Tuesday after two vessels were reportedly seized by Iran’s Revolutionary Guard Corps (IRGC) and transferred to Iranian waters.
Iranian official media have confirmed the death of Lieutenant General Abdolrahim Mousavi, Chief of the General Staff of the Armed Forces, and Major General Aziz Nasirzadeh, Minister of Defence, in the US-Israeli attacks.
