Oil prices creep up amid ceasefire concerns

Nick EdserBusiness reporter Oil prices have crept up and financial markets remain edgy as concerns grow over whether the US-Iran ceasefire will hold and whether the crucial Strait of Hormuz shipping route will open. After plunging on Wednesday in the immediate aftermath of the ceasefire being announced, the price of Brent crude oil was up 2.7% on Thursday at $97.23 a barrel. Stock markets in Asia fell back, reversing some of the big increases they had seen yesterday. Japan’s Nikkei closed down 0