Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else could keep them elevated.

Oil prices rise 2% amid escalating risks in Hormuz and the Red Sea as US strikes on Iran continue.

Oil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U.S. and Iran have sparked fears of supply…

Brent crude futures rose $2.2 or 2.3 percent, to $96.27