SINGAPORE: Oil prices surged more than 8 per cent to their highest in months on Monday (Mar 2) as Iran and Israel stepped up attacks in the Middle East, damaging tankers and disrupting shipments from the key producing region.
Brent crude futures struck...
Most tanker owners have paused oil shipments through Strait of Hormuz
Brent crude jumped 10 per cent to about $80 US a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 US after U.S. and...
FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Photo: REUTERS/Hamad I Mohammed/File Photo
Brent crude jumped 10 percent to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that...
Brent crude jumped 10 per cent to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war.
The global...
Oil prices surge 10pc amid Iran conflict, could hit $100 per barrel, analysts warn
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Oil prices surge 10pc amid Iran conflict, could hit $100 per barrel, analysts warn
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The crisis has prompted Asian governments and refiners to review...
The primary driver of this market volatility is the critical Strait of Hormuz
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Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war.
"While the...