oil prices

Crude oil prices surged over 9% following renewed US military strikes on Iran and retaliatory threats, sparking investor concerns over supply disruptions and inflation risks.

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.

Global oil prices spiked as US military strikes in southwestern Iran triggered fresh geopolitical tensions in the Persian Gulf, raising concerns over energy security and supply disruptions.

Iran has closed the Strait of Hormuz, a critical global petroleum transit route, amid heightened hostilities with the United States, triggering concerns over energy supply disruptions.

Crude oil prices jumped 8% and approached $80 per barrel after U.S. President Donald Trump announced the end of the ceasefire with Iran, sparking energy market volatility.

Crude prices spiked to $74 per barrel after US President Donald Trump declared the Iran ceasefire 'is over,' heightening regional tensions in the Middle East.

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