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

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…

Brent crude futures were up 2% to $75.60 a barrel, which is a long way below war peaks of above $120 but enough to wobble the bond market by raising inflation risks.