Oil price rises after Iran says it stops ships in Hormuz

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.

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