Oil price expected to surge as result of US-Israel strikes on Iran

Markets around the world could tumble on Monday and motorists are likely to pay more at the pump What the strikes on Iran mean for oil prices US–Israeli war on Iran – latest updates The price of oil is expected to soar on Monday while stock markets could tumble as the US-Israel war on Iran rattles investors. US crude oil is on track to rise by 9% when trading resumes, according to data from the broker IG, after Tehran said on Saturday it had effectively closed the strait of Hormuz, a key o...

By Graeme Wearden