The Brent benchmark oil price jumped up by more than four percent after US Central Command announced the new wave of bombings. | World News

The US launched 'self-defense strikes' inside southern Iran on Monday night, escalating tensions in the region as Trump pushes a fragile peace deal.

Oil prices rebounded after U.S. strikes on Iranian targets near the Strait of Hormuz revived fears that the fragile path toward reopening the chokepoint could unravel.

Fresh US strikes draw Iranian anger as negotiators edge towards a Hormuz deal