Oil prices rise as tensions flare in Iran, risking 'the nerve center of the global oil market'

Oil prices rose to a two-month high on Wednesday as traders priced in a heightened risk premium on Iran, where protests have been raging, and President Trump said the country's ruling regime would "pay a big price." International pricing benchmark Brent crude (BZ=F) and US benchmark West Texas Intermediate (CL=F) have both gained more than 10% over the past five trading sessions to trade above $66.10 and $61.80 per barrel, respectively, for the first time since October as geopolitical tensions have roiled ...