Oil prices climbed more than 3% while European stock markets opened lower as investors reacted to the renewed escalation between the United States and Iran, which raised concerns over energy supplies and the impact on the global economy. Brent crude rose above USD86 a barrel, gaining around 3.

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and…

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.

Brent crude climbs 3.3 per cent in early trade to reach $78.50 a barrel