The Guardian Australia
·general
·3 hours ago
Oil prices jump 7.5% as Iran threatens response to US actions
Oil prices surged late Sunday, with West Texas Intermediate rising 7.5% to $90.17 per barrel as Iran accused the U.S. of breaking a ceasefire. Iran's military vowed to respond after the USS Spruance fired upon an Iranian-flagged cargo ship. The strait of Hormuz remains a critical point for global oil trade amid ongoing tensions.
Summary by Glance · The Guardian Australia
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