The US & Iran have traded strikes over the Strait of Hormuz, leaving oil prices surging and the Commonwealth Bank warning of a return to triple-digit crude

The brief pause in fighting between the United States and Iran shattered effectively Sunday, plunging the Gulf back into the brink of a wider war as both sides unleashed fresh…

Iran has declared the Strait of Hormuz closed as it trades fresh strikes with the US over the alleged unauthorised travel of a ship through the route.

Renewed strikes deepen fears over oil supplies and regional stability