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

Brent crude climbs more than 4 percent as Washington and Tehran clash over control of critical waterway.

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.

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

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