Oil prices surge above $79 after new US strikes on Iran, stoking fears of supply disruption in the Strait of Hormuz and renewed global inflation pressures.

Brent crude surged 4.1 per cent to US$79.14 a barrel as at 9.40am Singapore time, after gaining 5.4 per cent last week. Read more at straitstimes.com. Read more at…

Brent crude rose 3.2 per cent to US$78.43 a barrel as at 7am Singapore time, after gaining 5.4 per cent last week. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and…

Brent crude climbed above $78 and WTI gained over 3% as escalating Iran-US tensions and threats to Strait of Hormuz shipping raised global supply concerns.

Brent crude climbs 3.3 per cent in early trade to reach $78.50 a barrel

Brent surges more than 4 per cent as US-Iran conflict escalates