Oil prices rise more than 1% after Iran seizes British tanker - Reuters

Oil prices rise more than 1% after Iran seizes British tanker - Reuters:

Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf.

Brent crude futures climbed 79 cents, or 1.26%, to $63.26 a barrel by 1225 GMT. 


West Texas Intermediate (WTI) crude futures were up 74 cents, or 1.33%, at $56.37 a barrel.

Last week, WTI fell over 7% and Brent lost more than 6%.