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

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 climbed above $78 and WTI gained over 3% as escalating Iran-US tensions and threats to Strait of Hormuz shipping raised global supply concerns.

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

Trump reinstates the Hormuz blockade as oil prices rise above $79. WTI reaching $110 by July 2026 at 2.6% YES.

Oil prices climbed over 2% after U.S