Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.

Crude oil prices fall sharply as energy markets remain on tenterhooks over effective closure of the Strait of Hormuz.

It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.

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

BEIJING/SINGAPORE: Oil prices jumped on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and…

Oil prices climbed back above $100 per barrel Thursday after attacks on commercial shipping in the Persian Gulf raised fears of further disruptions to global energy supplies.

The price of a barrel of Brent crude oil, the international standard, has topped $100 a barrel again, jolting markets just days after it spiked near $120.

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Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.

Brent and U.S. crude futures have already spiked, surging more than 40% so far this month to their highest levels since 2022.