Oil jumps 4% to $79 per barrel as US-Iran tensions escalate
By Obas Esiedesa, Abuja Global oil prices climbed by more than four per cent on Monday, with Brent crude rising to about $79 per barrel, as renewed hostilities between the United States and Iran heightened concerns over disruptions to global crude supplies.
The price rally followed fresh military exchanges between the two countries and Iran’s […]
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US Reimposes Hormuz Blockade, Demands Tolls
- US and Iran vie for Strait of Hormuz, waterway key to global energy supplies, in latest attacks ABC7 Los Angeles —
- U.S. Strikes New Targets After Iran Rejects Demand to Open Hormuz Wall Street Journal —
- Trump reimposes US blockade and demands 20% Hormuz shipping fee Euronews —
- Trump reimposes Iran naval blockade, threatens Hormuz fees France 24 —
- Middle East crisis: US to resume naval blockade of Iranian ports, warns vessels of interception Times Of India —