Oil rises $2 as Iran announces closure of Strait of Hormuz following US strikes

Oil prices ‌climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the US launched additional strikes against Iran. Brent futures rose $2.30, or ​2.47%, to $95.40 a barrel, while US West Texas Intermediate (WTI) crude climbed $2.60, ​or 2.89%, to $92.63. US crude futures gained more than $3 earlier in ⁠the session. Iran’s top joint military command announced the closure of the Strait of ​Hormuz on Thursday, including oil tankers and commercial ships, saying any vessel that ​will attempt passage will be shot at.