Oil prices climbed on Friday as fears of ship seizures and attacks persisted around the Strait of Hormuz, even with Iran claiming about 30 vessels passed since Wednesday evening. Brent futures rose 60 cents to $106.32 a barrel, while U.S. WTI gained 54 cents to $101.71. A ship reportedly seized by Iranian personnel off the UAE was reportedly headed for Iranian waters, and an Indian livestock-cargo vessel was sunk near Oman. Analysts cited tight supply as the main driver.
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