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Oil jumps 4% to $79 per barrel as US-Iran tensions escalate
By Obas Esiedesa, Abuja Global oil prices climbed by more than four per cent on Monday, with Brent crude rising to about $79 per barrel, as renewed hostilities between the United States and Iran heightened concerns over disruptions to global crude supplies. The price rally followed fresh military exchanges between the two countries and Iran’s […]
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straitstimes.com
Oil jumps more than 4% as US and Iran trade strikes, dispute Hormuz status
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…
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thehindubusinessline.com
Oil prices today: Brent jumps above $78 as Iran-US tensions escalate
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.
