Surge in oil prices amid latest strikes between US and Iran

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleOil prices surged over 2 per cent on Monday, with Brent crude reaching $93.33 a barrel, amid ongoing negotiations between the United States and Iran regarding a potential ceasefire extension and the reopening of the Strait of Hormuz. Stock markets in Japan and South Korea hit fresh record highs, driven by strong enthusiasm for artificial intelligence and robust performance from technology-related companies. Japan's Nikkei 225 index gained over 1.3 per cent, crossing the 67,000 mark for the first time, while South Korea's Kospi index jumped nearly 5 per cent to an all-time high. South Korea's exports saw a significant 53 per cent year-on-year increase in May, largely buoyed by global demand for semiconductors, further contributing to market optimism. Wall Street stocks also reached new records on Friday, powered by major technology companies, with the S&P 500, Dow Jones Industrial Average, and Nasdaq composite all posting gains. In fullOil prices jump as US and Iran exchange fresh strikes and ceasefire talks remain in balanceThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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