Surging crude prices spark worries over fuel costs and delayed rate cuts

Oil prices soared sharply on Monday as the Middle East was once again embroiled in chaos. Crude prices jumped 4% as fresh military action between Iran and the United States…

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