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Oil prices rise as U.S. launches new Iran airstrikes, while Trump abandons Strait of Hormuz fee
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.
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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.
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nbcnews.com
Oil jumps 5% after Trump reimposes Iran blockade
Trump says the U.S. “will be reimbursed” for helping ships through the Strait of Hormuz. The international oil benchmark, Brent, surpassed $80 per barrel.
