Oil prices hit $100 again as doubts grow about Iran ceasefire

The price of oil rebounded on Thursday as doubts grew about state of the Iran ceasefire announced just two days earlier by President Donald Trump.

The price of oil rebounded Thursday, as doubts began to set in about the state of the Iran ceasefire announced just two days earlier by President Donald Trump.

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Chief among them was that fewer than a half-dozen ships had been observed transiting the Strait of Hormuz on Wednesday.

U.S. crude oil rose more than 7.5% to over $101 per barrel early Thursday. International Brent crude rose 4% to about $99 per barrel as of 10:30 a.m. ET.

https://www.nbcnews.com/business/energy/oil-prices-iran-ceasefire-doubts-rcna267421


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