Oil prices rise after Iran restricts access to Strait of Hormuz and ceasefire nears expiration

By Auzinea Bacon, CNN (CNN) — Oil prices climbed Sunday after Iran once again blocked the passage of most ships through the Strait of Hormuz, a key waterway for one-fifth of the world’s crude. Brent crude, the international benchmark, was up about 7% to $96.88, after settling on Friday at its lowest level since March