Oil prices tumbled more after Iran struck US military base in Qatar, a sign Strait of Hormuz would stay open for now.

Strikes stoke fears of escalating regional conflict that could shut down vital strait of Hormuz shipping route

Crude oil prices dropped by 7% on hopes that the conflict would not immediately disrupt region’s oil supplies

Oil prices tumbled more after Iran struck US military base in Qatar, a sign Strait of Hormuz would stay open for now.