Oil prices rose on Friday amid supply disruption concerns after Iran published a restrictive draft plan for the Strait of Hormuz. Brent crude futures for October delivery gained 1.22% to $83.50 a barrel, while WTI futures for September advanced 1.11% to $78.15 per barrel. The draft plan would ban U.S. and Israeli ships from transiting the Strait, as well as vessels from other nations that have harmed Iran. Additional supply concerns include Ukraine striking two major Russian oil refineries and U.S. imports of Saudi crude dropping to zero in July for the first time since 1985.
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