Oil hits 1-month high as US-Iran fighting clouds Strait of Hormuz outlook
- Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.
- Oil prices have surged to their highest level in a month as renewed hostilities between the United States and Iran continued for a third consecutive day, dampening hopes for a return to normality in the Strait of Hormuz.
- Brent crude, the primary international benchmark, rose 2 percent on Tuesday, extending an 9.6 percent gain from the previous day.
Confirmed
- Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.
- Oil prices have surged to their highest level in a month as renewed hostilities between the United States and Iran continued for a third consecutive day, dampening hopes for a return to normality in the Strait of Hormuz.
- Brent crude, the primary international benchmark, rose 2 percent on Tuesday, extending an 9.6 percent gain from the previous day.
Sources: The Independent, Al Jazeera