Washington reinstates oil sanctions on Tehran following attacks on ships in Strait of Hormuz

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…

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…

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.

Washington reinstates oil sanctions on Tehran following attacks on ships in Strait of Hormuz

Renewed U.S.-Iran military strikes and attacks on commercial shipping near the Strait of Hormuz have lifted oil prices and reminded markets that geopolitical risks remain a major…

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