NEW DELHI: Indian basket of crude oil jumped 11% in a day to $103.33 per barrel Thursday, the highest in two months, amid disruptions caused by the closure of Strait of Hormuz and Houthi militia targeting shipping vessels in the Red Sea.

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…

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…

Crude oil prices jumped to six week high on Thursday, with Brent rising above the $96-a-barrel mark and US benchmark WTI climbing past $88, as the Middle East conflict showed no…