Oil prices rose after renewed U.S.-Iran hostilities heightened concerns over Strait of Hormuz shipping, with analysts warning markets remain overly optimistic about a rapid recovery in regional oil flows.

Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.

Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed…

HOUSTON, June 29 : Oil prices gained more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes…

Oil prices rose slightly as hostilities between the United States and Iran continued for a fourth consecutive day, while Iran maintained its insistence on controlling the Strait…

Oil prices rose after renewed U.S.-Iran hostilities heightened concerns over Strait of Hormuz shipping, with analysts warning markets remain overly optimistic about a rapid…

Commodity strategists warn that Iranian leverage in the Strait of Hormuz will continue to weigh on oil markets and shipping costs.