Brent crude price rises toward $68 as U.S.-Iran flashpoints return, inventories loom
Brent crude rose 0.7% to $67.79 a barrel by 1034 GMT after the U.S. downed an Iranian drone and gunboats approached a U.S.-flagged tanker near Oman. U.S. crude inventories fell by over 11 million barrels last week, according to API. Traders await official U.S. stock data due at 1530 GMT. Tensions escalated as Iran denied involvement in the tanker incident.