Oil prices jump over 3.5% as US-Iran strikes raise Strait of Hormuz fears, with Brent crude topping $91 and markets worried about global oil supplies.

Oil prices climbed over 2% to exceed $90 after US forces targeted Iranian launchers near the Strait of Hormuz, heightening fears of supply disruptions and regional instability.

LONDON, Aug 31 : Oil prices rose more than 3.5 per cent on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and Tehran said it had retaliated, as their…