Crude oil futures rise amidst escalating US strikes on Iran, signaling market volatility and potential supply constraints.

West Texas Intermediate crude surged as much as 3.3 per cent to US$92.99 a barrel. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. strikes. Iran warned of attacks on any…