Despite a brief reprieve after the US and Iran's Memorandum of Understanding was signed in June, the reclosure of a critical oil supply trade route has rocked markets this month

Global gas prices have hit their highest level since the war on Iran started. Oil prices are also rising, reaching $95-a-barrel today.

Despite a brief reprieve after the US and Iran's Memorandum of Understanding was signed in June, the reclosure of a critical oil supply trade route has rocked markets this month