Oil prices jumped on Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries is rapidly unraveling.

Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink.

Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran.

President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.

Oil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.

Oil prices jumped on Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries is rapidly…

The flare-up further endangers the US-Iran ceasefire, which Trump extended indefinitely on 21 April.

Brent crude rises amid clashes in critical waterway.

While the Strait of Hormuz remained largely closed, keeping global energy supplies tight, oil prices jumped $3 a barrel on Monday.