Brent crude rose another 2.5 per cent to US$85.40 a barrel as at 8.30am Singapore time, after soaring 9.6 per cent on July 13. Read more at straitstimes.com. Read more at straitstimes.com.

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…

Brent crude rose 3.2 per cent to US$78.43 a barrel as at 7am Singapore time, after gaining 5.4 per cent last week. Read more at straitstimes.com. Read more at straitstimes.com.

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

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