Oil Climbs from Four-Week Low as Iran Warns of Hormuz Supply Disruption
17.01.2012
By Grant Smith
Oil climbed from the lowest price in almost four weeks as Iran said that a disruption to crude supplies through the Strait of Hormuz would cause a shock to markets that “no country” could manage.
Futures rose 1 percent after sliding 2.8 percent last week. Iran has threatened...