Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
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Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
West Texas Intermediate
futures for May delivery rose about 7% to $89.74 per barrel by 6:45 p.m. ET. International benchmark Brent
for June delivery advanced nearly 5.8% to $95.59.
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
Brent crude rises more than 7 percent as Washington and Tehran offer conflicting accounts on ceasefire negotiations.
Brent crude rises amid clashes in critical waterway.
Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of…
Prices were already trading up in the session on continued disruptions to oil supplies through the strait.
Jump in prices comes as Donald Trump says vessels will need permission of US Navy to transit key waterway.
Oil prices jump as Strait of Hormuz tensions escalate
Oil prices surge amid mixed signals on US-Iran peace talks
Oil rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz
Oil Prices Rise After Reports Of Attacks On Container Ships In Strait Of Hormuz
