Oil Prices Surge Amid US-Iran Tensions Over Strait of Hormuz

oil prices Strait of Hormuz US-Iran conflict

L'essentiel

Oil prices rose sharply Sunday evening as the US and Iran engaged in retaliatory strikes, contesting control of the vital Strait of Hormuz.
US crude futures climbed 4.1% to $74.33, while Brent gained 3.88% to $78.96 amid escalating military actions.

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Oil prices rose sharply Sunday evening as the US and Iran engaged in retaliatory strikes, contesting control of the vital Strait of Hormuz. US crude futures climbed 4.1% to $74.33, while Brent gained 3.88% to $78.96 amid escalating military actions.

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oil prices

SujetsStrait of Hormuz US-Iran conflict military strikes energy security maritime trade

This article was originally published by CNBC World.

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