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Britain's Standoff With Iran Rockets Oil Prices

Britain's Standoff With Iran Rockets Oil Prices
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Tensions over the fate of 15 British sailors and marines captured by Iran in the Persian Gulf last week helped drive crude oil prices to a six-month high yesterday, threatening to boost gasoline prices just two months before the start of the summer driving season.

Traders sent the price of crude oil up by 3 percent, to $66.03 a barrel in New York yesterday, after Iran put off a previously announced plan to release a British woman being held and Prime Minister Tony Blair said Britain would not negotiate.

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