Oil prices surged by approximately 3% in global market trading on Thursday following military maneuvers in the Persian Gulf. Following t ...

Brent crude jumped over 2% to $102 after US strikes on Iranian targets in the Strait of Hormuz, rattling crypto markets and raising inflation concerns.

Oil prices climbed as US forces conducted airstrikes and intercepted drones near the Strait of Hormuz, while diplomatic efforts between Washington and Tehran remained stalled.