Oil prices jump 9% to $82.90 on worsening US-Iran conflict
Oil prices shot up around nine percent Monday as President Donald Trump announced the reimposition of a US naval blockade on Iranian ports while the two sides traded attacks.
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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 —