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Fuel rationing, petrol price spike fears, as Iran war leads to oil market surge
The recent closure of the Strait of Hormuz saw the oil price lift, but buying in the market accelerated following Donald Trump's latest Truth Social post.
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oilprice.com
Oil Prices Surge 4% as U.S.-Iran Escalation Rekindles Supply Fears | OilPrice.com
Oil prices surged by more than 4% after renewed U.S.-Iran hostilities and competing claims over the status of the Strait of Hormuz reignited fears of major supply disruptions.
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middleeasteye.net
Oil prices spike as Hormuz traffic slows to multi-week low
Oil prices have jumped more than 4 percent on Monday following renewed strikes between the US and Iran threatening their fragile peace agreement.
