Last week, oil surged past the $100-a-barrel milestone, after recording its largest one-week spike since March 1983

The oil price reached nearly $120 a barrel on Monday over fears of lengthy disruption to supplies.

Trump says war against Iran is ‘very complete’ but US and Israel haven’t quite ‘won enough’ yet

Oil prices have eased after they shot up earlier this week in response to the conflict

The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.

Vast release of emergency crude reserves fails to quell mounting fears around energy supply crunch, rattling global markets

Last week, oil surged past the $100-a-barrel milestone, after recording its largest one-week spike since March 1983

WTI crude saw its biggest weekly gain since the 1980s last week.