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

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.