Price of oil could spike after Iran’s parliament votes to...
A barrel of Brent crude was selling for about $77 on Friday, and could rise by another $5 when markets open at 11pm UK time on Sunday.Photograph: Yonhap/EPA Iran’s parliament...
Tag: hormuz
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Oil Prices Retreat From 5-Month High After the US Struck...
Oil prices jumped to a five-month high in Asia on Monday in their first trading day after the US struck Iran’s nuclear facilities on Sunday. They gave up gains later...
Why the Strait of Hormuz Is Critical to Global Oil...
Global investors are on alert about a 90-mile sea passage in the Middle East, fearing that any block of the Strait of Hormuz could derail global shipping and oil. Tensions...
