WTI Oil picks up to $89.00 as US announces a total blockade of Hormuz | FXStreet
Oil prices have bounced up during the Asian session, as the US military announced a total blockade of the Strait of Hormuz on Tuesday, increasing the chokehold on supply and putting the new round of talks with Iran into question. The price of the US benchmark West Texas Intermediate (WTI) barrel appreciated about $4 during…