TOKYO, July 8 — The benchmark US oil contract increased more than 2.5 per cent when markets opened today, as Mideast tensions rose with new US attacks on Iran.West Texas...

July 7 : Oil rose on Tuesday as traders' nervousness about a lack of progress on peace talks between the United States and Iran offset any price impact of a slight recovery in…

TOKYO, July 8 : Oil prices climbed nearly 2 per cent on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their…

TOKYO, July 8 : U.S. oil prices jumped nearly 3 per cent in early trade on Wednesday, extending the previous session's gains, after the U.S. military launched a series of strikes…

Traders brace for potential export disruptions as tensions flare around Hormuz

Calm in the oil markets proved short-lived as prices jumped nearly 3% in early Wednesday trade.

TOKYO, July 8 — The benchmark US oil contract increased more than 2.5 per cent when markets opened today, as Mideast tensions rose with new US attacks on Iran.West Texas...

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already…

Oil prices extended a surge on Wednesday as the Middle East crisis burst back into the spotlight with US forces launching fresh strikes on Iran after an attack on three vessels in…

Asian shares are mixed and oil prices have surged more than 3% after the U.S. launched strikes on Iran.

Global oil prices spiked over 5% after US military strikes on Iran, intensifying West Asia tensions and threatening the security of the vital Strait of Hormuz shipping route.

“The current conflagration is a reminder to the market of how fragile passage through the Strait still is,” analyst says.