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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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gulfnews.com
Oil prices spike nearly 10% as US-Iran conflict escalates, fueling fears of global supply shock
Surging crude prices spark worries over fuel costs and delayed rate cuts
