Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading resumed on Sunday ... .
U.S. President Trump announced Sunday that the U.S. Navy intercepted an Iranian-flagged cargo ship attempting to maneuver around the naval blockade in the Strait of Hormuz... .