Crude and diesel contracts rose sharply around midday Monday, after President Trump said he is reimposing the U.S. blockade on Iranian shipping, dashing hopes that the Middle East conflicts would end anytime soon.

Trump says the U.S. “will be reimbursed” for helping ships through the Strait of Hormuz. The international oil benchmark, Brent, surpassed $80 per barrel.

As of 5:21 p.m. Moscow time, Brent crude was up 5.29%, trading at $80.03 per barrel

Crude and diesel contracts rose sharply around midday Monday, after President Trump said he is reimposing the U.S. blockade on Iranian shipping, dashing hopes that the Middle East…

Iran says it will not allow Washington to intervene in the Strait of Hormuz

Oil prices jumped more than 8% on Monday after U.S. President Donald Trump announced the United States would reinstate its blockade on Iran, forcing traders to once again price in…

Oil prices surged as Trump reinstated the Iranian ship blockade. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

Brent crude surged 9.6 per cent to close at US$83.30 per barrel on July 13. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran…

Brent crude surged 9% to $83 per barrel after Trump reinstated a naval blockade on Iran. Here's what the oil spike means for crypto and risk assets.

Crude oil futures climb as Trump reinstates a blockade on Iranian ports, significantly impacting shipping costs and market dynamics.

Rekindled U.S.-Iran Conflict Sends Crude Futures Higher

Prices have now climbed to their highest levels since US and Iran signed memorandum of understanding aimed at ending conflict

Crude futures rose midday Tuesday as continued U.S. strikes against Iranian targets and Iranian attacks on vessels in the Strait of Hormuz reinforced concerns over disruptions to…