Oil Prices Top $90 as Kuwaiti Tanker Hit in Strait of Hormuz

A Kuwait-owned oil products tanker was struck by a projectile in the Strait of Hormuz near Oman as tensions escalate around the key shipping lanes of the Middle East, sending Brent back above $90 per barrel. The Kaifan tanker, owned by Kuwait Oil Tanker Co. S.A.K., was the…