Goldman Sachs has warned Brent crude could spike to $120 per barrel if disruptions through the Strait of Hormuz persist, though its base case assumes easing Middle East tensions and prices averaging $80 in Q4.

Brent crude tops $90 as US-Iran attacks rattle the Strait of Hormuz, stoking supply fears, inflation risks and questions over how high oil prices could go.

Amid ongoing military clashes between the United States and Iran, Brent crude oil prices rose by more than two per cent on Monday, July ...

Global energy markets have been jolted this month — with Brent surging back above $91 a barrel