Oil prices surge as US strikes Iran, reversing slide to pre-war levels
- Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.
- Oil prices have surged as renewed hostilities between the United States and Iran threaten to derail a fragile ceasefire that had brought some relief to global energy markets.
- Brent crude, the main international benchmark, rose as much as 3 percent on Wednesday, reversing a slide that had seen prices return to pre-war levels.
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- Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.
- Oil prices have surged as renewed hostilities between the United States and Iran threaten to derail a fragile ceasefire that had brought some relief to global energy markets.
- Brent crude, the main international benchmark, rose as much as 3 percent on Wednesday, reversing a slide that had seen prices return to pre-war levels.
Sources: Al Jazeera