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Oil prices surge as violence flares in Strait of Hormuz
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Oil prices surge as violence flares in Strait of Hormuz

Al Jazeera·John Power·28 days ago
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Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink. Oil prices have risen sharply as violence in the Strait of Hormuz cast doubt over the fragile ceasefire between the United States and Iran. Brent crude, the primary benchmark for oil prices worldwide, rose by nearly 6 percent on Monday to $114.44 a barrel. Recommended Stories list of 4 items list 1 of 4 Amnesty accuses Congolese rebel group of ‘extensive brutality’ list 2 of 4 Newborn born in Nablus a day after his father was killed in Israeli raid list 3 of 4 Alabama lawmakers adjourn after protests over redistricting list 4 of 4 Israeli strike sparks fire in northern Gaza City end of list Brent futures eased somewhat on Tuesday morning, trading at $113.54 as of 02:00 GMT.…

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