Iran has accelerated crude shipments, dispatching oil tankers carrying about 11 million barrels over the past 24 hours as tensions with the US escalate once again and President Donald Trump threatens to reinstate a blockade on the country's ports.

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

Oil prices jumped nearly 6% after the U.S. launched strikes against Iran and Trump declared the ceasefire "over."