Business
Oil hits one-month high as US, Iran step up attacks in Strait of Hormuz
Brent crude surged to its highest level in four weeks following the collapse of a US-Iran ceasefire and renewed attacks on commercial shipping in the Gulf.
Brent crude surged to its highest level in four weeks following the collapse of a US-Iran ceasefire and renewed attacks on commercial shipping in the Gulf.
Brent crude climbed over 3% following US military strikes and the revocation of Iranian oil sanctions waivers.
Financial markets saw equities climb and oil prices retreat as investors assessed the impact of the US-Iran conflict and Strait of Hormuz transit constraints.