The US-Iran ceasefire collapse and Iran's Strait of Hormuz threat push Brent to $78, jolting Asia, Europe and Latin America alike.

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.

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

The price of Brent crude oil was up by as much as 3% on Wednesday morning to around 76 US dollars a barrel.

The Iran ceasefire's collapse and tanker strikes near Hormuz spiked oil and cut IMF growth to 3% - but the same shock hands Latin America a windfall.

The US-Iran ceasefire collapse and Iran's Strait of Hormuz threat push Brent to $78, jolting Asia, Europe and Latin America alike.