Oil prices today: Crude jumps beyond $111 as Trump dashes hopes of quick Iran war end
Middle East tensions escalated Friday, sending oil prices soaring as US strikes on Iran intensified.
Brent crude climbed 7.8% to $109.03 per barrel, with WTI futures reaching record premiums.
Disruptions in the Strait of Hormuz, a vital oil transit route, are fueling supply concerns and pushing energy prices to multi-year highs.
Hormuz blockade triggers global fuel crisis
- Britain rejects Iran's bid to set up a 'toll booth' in the Strait of Hormuz as Tehran continues to 'hold the world economy hostage' with closure of key shipping lane Daily Mail —
- Fuel rationing warning as 'all possibilities' studied in Iran war energy crisis Mirror —
- Should holidaymakers be worried about jet fuel shortages and could their trips be cancelled? Daily Mail —
- Iran wants some ships to pay to use the Strait of Hormuz NPR —
- Over 40 countries meet to discuss ways to reopen the Strait of Hormuz NPR —