Crude oil prices soared nearly 5% on July 13, with Brent nearing $80 per barrel, as escalating US-Iran strikes fueled market volatility and supply concerns.

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…

SINGAPORE: Oil prices jumped on Monday as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz.…

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

Crude oil futures surge over 4% amid escalating US-Iran conflict and threats to the vital Strait of Hormuz.

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