Oil prices extend rally as US and Iran step up mutual attacks
- Oil prices jumped more than three percent on Wednesday as the Middle East crisis burst back into the spotlight with US and Iranian forces exchanging strikes after attacks on ships in the Strait of Hormuz, fuelling fresh supply fears.
- Issued on: 08/07/2026 - 09:53 1 min Reading time The sudden flare-up has stoked concerns about peace talks between the foes as they look to end their conflict and fully reopen the crucial waterway.
- It added to the largely dour mood in Asia, where Seoul suffered another tech rout amid questions over stretched valuations and when companies will start realising profi
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- Oil prices jumped more than three percent on Wednesday as the Middle East crisis burst back into the spotlight with US and Iranian forces exchanging strikes after attacks on ships in the Strait of Hormuz, fuelling fresh supply fears.
- Issued on: 08/07/2026 - 09:53 1 min Reading time The sudden flare-up has stoked concerns about peace talks between the foes as they look to end their conflict and fully reopen the crucial waterway.
- It added to the largely dour mood in Asia, where Seoul suffered another tech rout amid questions over stretched valuations and when companies will start realising profi
Sources: RFI