Oil Surges Over 25%, On Track For Record Daily Jump Due To Escalating Iran War

Oil prices surged 25%+ as the U.S.-Israeli war with Iran and the Strait of Hormuz closure choked 20% of global supply. Brent hit $117.65 amid output cuts from Iraq and Kuwait. With Iran’s new hardline ...

Crude shock! Oil prices poised for biggest ever single-day gain after 29% rally

Brent crude surged nearly 29% on Monday to cross $100 per barrel, heading for its biggest single-day gain on record after the Strait of Hormuz remained shut amid the escalating Iran–Israel–US conflict ...