Oil prices soar more than 9 per cent as the US president threatens to blockade the Strait of Hormuz. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

Wall Street rallied on Friday before Gulf hostilities flared again. ASX futures point to a gain this morning. Follow the day's events and insights from our business reporters on…

US shares have retreated as Donald Trump announced he would try to charge fees on cargo ships in Hormuz; Oil jumped as traders priced in a 50-50 chance of a rate hike. Follow live…

The Australian sharemarket has retreated at the open while oil prices surged after the United States and Iran escalated their grapple for control over the Strait of Hormuz.

Oil prices are climbing following a weekend of attacks in the Middle East, while more losses for computer chipmakers and other winners of the artificial-intelligence boom weigh on…

Oil prices soar more than 9 per cent as the US president threatens to blockade the Strait of Hormuz. Follow the day's events and insights as they happen with our business…

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.

HOUSTON: Oil prices jumped more than 9 per cent on Monday after Donald Trump said the US was reinstating a naval...

Oil prices climbed to multi-week highs as renewed U.S.-Iran tensions and concerns over Strait of Hormuz shipping disruptions revived the geopolitical risk premium.

Oil prices climbed early Tuesday as fighting intensified in the Middle East, while Asian shares declined, dragged lower by losses for artificial-intelligence stocks.

Hopes for a sustained rebound in the dollar are fading as tensions in the Middle East and an oil spike reignite inflation risks.

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