Global oil prices rose sharply after the US Central Command announced additional military strikes against Iran, heightening concerns over the security of shipping through the Strait of Hormuz, one …

US strikes on Iran push oil prices higher, with crude oil reaching a new all-time high by September at 4.5% YES and by December at 10.5% YES.

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