Oil jumps 3pc as new strikes by US, Iran threaten Hormuz shipments
Culture Index
Score Breakdown
Relevance
3/25
Freshness
25/25
Authority
10/20
Brand Signal
11/15
Depth
6/15
5-Axis Cultural Radar
Oil prices surged more than three per cent on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz. Brent crude futures were up $2.47, or 3.25pc, to $78.48 at 4:45pm PKT, while US West Texas Intermediate crude was up $2.35, or 3.29pc, to $73.76 a barrel. “The focus will remain on the number of inbound tankers
