Crude oil prices surged nearly 6% after U.S. President Donald Trump declared the interim agreement with Iran "over", triggering fresh concerns over global oil supplies. The spike follows renewed hostilities, attacks on vessels in the Strait of Hormuz, and fears of further disruptions in one of the world's busiest energy corridors. Here's why oil prices are rising again and what it could mean for India.

Global oil prices have spiked around 5 percent following renewed tension in the Strait of Hormuz.

July 8 : Oil prices jumped more than 5 per cent on Wednesday, hitting a two-week high after U.S. President Donald Trump said the memorandum of understanding to end the conflict…

Oil prices have surged nearly 6% after U.S. President Donald Trump said the interim agreement with Iran is “over,” though he will allow talks to continue

BENGALURU: Oil prices jumped more than 5 percent on Wednesday, hitting a two-week high after US President Donald Trump said the memorandum of understanding to end the conflict…

Oil prices jumped more than three percent on Wednesday as the Middle East crisis burst back into the spotlight with US and Iranian forces exchanging strikes after attacks on ships…

Oil prices hit a two-week high following Trump's comments, renewing fears of disruption to Middle East oil supplies.

The agreement, brokered by Pakistan last month to provide a 60-day window for negotiations, came under strain after the U.S. launched fresh strikes on Iran.

Crude oil prices rose more than 6% to a two-week high after US President Donald Trump declared the interim accord to end the war with Iran "over", while fresh US military strikes…

Oil prices rose almost 6% after U.S. President Donald Trump said Wednesday that the interim agreement with Iran is 'over,' although he would allow...

International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more…

Crude oil prices rose sharply on Wednesday to a two-week high after Donald Trump declared the Iran peace agreement "over", reviving fears of fresh supply disruptions from the…

Crude oil prices spike over 6% after Trump declares the ceasefire with Iran "over," raising geopolitical tensions.

Tanker risks rise amid fresh strikes and regional retaliation

Oil prices surge after fresh US-Iran tensions, military strikes and Strait of Hormuz risks raise fears of supply disruptions, pushing crude prices higher.

Oil prices had been recovering following a memorandum of understanding signed last month to end the war, but they rose by more than 6% early on Wednesday.

Crude oil prices are soaring again, back above the $80 per barrel level as fresh tensions between US and Iran makes shipping through the Strait of Hormuz fraught with risks.…

Crude oil prices surged nearly 6% after U.S. President Donald Trump declared the interim agreement with Iran "over", triggering fresh concerns over global oil supplies. The spike…

LONDON: Crude oil prices soared about 7 per cent on Wednesday after US President Donald Trump threatened fresh...