Brent crude

Brent crude prices have risen above $80 per barrel following the reimposition of US sanctions on Iran and proposed levies on oil shipments through the Strait of Hormuz.

Negotiations between the US and Iran resume in Oman as attacks on shipping in the Strait of Hormuz disrupt maritime traffic, though Brent crude prices remain stable.

Brent crude surges to $76 a barrel as US military action in the Strait of Hormuz reignites supply disruption fears.