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Oil rises after US-Iran hostilities flare again with strikes on energy targets
Oil prices increased as President Donald Trump reimposed naval blockades on Iranian ports. Iran retaliated with strikes on United States infrastructure in the region. Brent and West Texas Intermediate crude oil reached their highest levels in weeks. Attacks have deepened supply disruptions in the vital Strait of Hormuz. Hostilities have reignited doubts about a permanent halt to the ongoing conflict.
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economictimes.indiatimes.com
Oil jumps 3% after US, Iran escalate strikes in Mideast
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…
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thehindubusinessline.com
Oil prices today: Brent jumps above $78 as Iran-US tensions escalate
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.
