Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz

2 weeks ago

Brent crude benchmark rose to more than $78 a barrel, its steepest increase since ceasefire began

Oil markets have recorded the sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led Donald Trump to declare that the ceasefire deal with Iran was “over”.

Brent, the global crude benchmark rose by 5% on Wednesday to more than $78 a barrel, the highest price since the US and Iran agreed the ceasefire while negotiating an end to the war last month.

Continue reading...
Click here to Read More
Previous Article
Le Pen revives presidential bid echoing Trump
Next Article
Treasury yet to do due diligence on finding extra money for UK’s Nato spend

Related World Updates:

Are you sure? You want to delete this comment..! Remove Cancel

Comments (0)

    Leave a comment