Renewed military action between the United States and Iran pushed oil prices sharply higher, weighed on global equities and placed investors back into risk off mode.

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…

US reimposes oil sanctions on Iran, pairing military strikes with economic pressure and raising fresh risks for global oil prices and Middle East stability.