Oil prices surge with gas as US threat to blockade Hormuz escalates Middle East crisis
Brent crude, the global benchmark for oil, jumped 7.7 per cent to US$102.53 a barrel as at 7.03am Singapore time.
- Oil prices skyrocket past $100 after US announces Strait of Hormuz blockade Times Of India —
- Asian markets fall as oil surges past $100 after talks collapse Middle East Eye —
- Oil jumps above $100 after US-Iran talks end without a deal BBC News —
- Oil Climbs as U.S.-Iran Peace Talks Fail, U.S. Navy Starts Blockade of Strait of Hormuz Wall Street Journal —
- Stocks drop and oil surges back above US$100 as US’ blockage of Hormuz escalates war South China Morning Post —