Oil prices soar as Iran’s attack on ships near Strait of Hormuz raise fears of wider economic shock
Spike follows claims by Iran’s Revolutionary Guards they struck three US and UK oil tankers in the Gulf and the Strait of Hormuz
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Oil prices surge after attacks on tankers in Strait of Hormuz
Global oil prices surged sharply, jumping by 13% at the start of trading after Iran attacked at least three vessels in the Strait of Hormuz.
By Ivan Diakonov
Read full article →Oil prices soar as Iran’s attack on ships near Strait of Hormuz raise fears of wider economic shock
Spike follows claims by Iran’s Revolutionary Guards they struck three US and UK oil tankers in the Gulf and the Strait of Hormuz
By Stuti Mishra
Read full article →Oil surges as Iran conflict disrupts Middle Eastern supply flow
Oil prices surged by as much as 13 per cent on Monday after shipping in the crucial Strait of Hormuz was disrupted by retaliatory Iranian attacks following initial bombing by Israel and the United States that killed Iranian Supreme Leader Ayatollah Ali Khamenei. Brent crude futures rose to as much as $82.37 a barrel, the highest since January 2025, before retreating to be up $5.41, or 7.4pc, to $78.28 by 06:05. US West Texas Intermediate crude climbed to an intraday high of $75.33, up over 12...
By none@none.com ()
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