Oil price rises after Iran says it stops ships in Hormuz

Intelligence summary

By Ahmed Tolba, Nafisa Eltahir and Yasmine Ghania CAIRO/DUBAI, July 31 (Reuters) - Oil prices rose on Friday after Iran said it had stopped two vessels seeking to exit the Strait of Hormuz, underscoring concerns over global energy supplies following a drone attack on ships in a Mediterranean Egyptian port this week. Iran said four other tankers turned back after its forces intervened, although the Iranian reports could not be independently confirmed.