Investing.com - Oil prices are higher on Tuesday after news that Iran sent a warship to Red Sea on Tuesday after the US destroyed Houthi ships.
The crudo WTI is trading at 72 dollars and the Brent at 78 dollars, both up more than 1%.
Tension is growing as the situation in the area becomes more complicated for global shipping.
Iran announced on Monday that it had sent the destroyer Alborz through the strategic Bab al-Mandeb strait, according to the country's state media and reported by CNBC. There are no further details on the warship's mission at this time.
The move comes after the US Navy destroyed three ships of Iranian-backed Houthi rebels, killing 10 militants, according to AP reports.
Translated from Spanish using DeepL.
