Oil prices have returned to levels not seen since the beginning of June, after the US and Iran exchanged more strikes.

Oil prices rose on Monday morning as fighting between the US and Iran intensified, fuelling concerns over disruptions to energy shipments through the Strait of Hormuz.

Brent and WTI fell today as reports surfaced of ceasefire talks between the U.S. and Iran, even with missile strikes still hitting the Persian Gulf.

Oil prices dip amid US-Iran ceasefire hopes. New all-time high for crude oil by September 30 at 6.2% YES.

Oil prices have returned to levels not seen since the beginning of June, after the US and Iran exchanged more strikes.