By Barbara Kollmeyer and Mike Murphy

Iran closes the Strait of Hormuz amid US tensions. Traffic normalization by August 31 at 19.5% YES.

Rising Gulf tensions and new Iran–US strikes keep oil prices elevated as the Strait of Hormuz remains open but under severe security pressure.

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

By Barbara Kollmeyer and Mike Murphy