New clashes over control of Strait of Hormuz put investors in ‘risk-off’ mode

Gulf markets dip amid rising US-Iran tensions and oil supply concerns. Crude oil reaching a new all-time high by December 31 at 11.5% YES.

Iran closes the Strait of Hormuz, causing oil prices to surge. WTI reaching $110 in July 2026 at 1.7% YES.

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 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