Oil price expected to surge after US strikes Iran
Extent of increase likely to depend on whether Tehran retaliates with attacks on oil infrastructure or shipping in Strait of Hormuz
Extent of increase likely to depend on whether Tehran retaliates with attacks on oil infrastructure or shipping in Strait of Hormuz

Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Analysts say Iran conflict likely to increase cost of crude by 5-15% when markets reopen on Sunday

Global stocks slide as Tehran escalates attacks on energy infrastructure

Washington-Tehran ceasefire agreement fails to stem global energy crunch

Trump suggests warring sides are closer to a permanent ceasefire

Disruption to tanker traffic at the Strait of Hormuz would pose a much bigger risk to oil supply