Iran Warns Allies Against US Ties; Brent Crude Jumps 2.8% on War Risk
Iran has threatened regional countries with war if they cooperate with the US, leading to a 2.8% surge in Brent Crude and a sharp increase in global market volatility.
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Traders fear escalating hostilities could further restrict the flow of crude through the Strait of Hormuz
ft.trib.al·3d agoOil prices jump as US and Iran step up tit-for-tat strikes
Traders fear escalating hostilities could further restrict the flow of crude through the Strait of Hormuz
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2 hours ago ... Brent crude, the main international benchmark, rose more than 4 percent on Monday as the US and Iran traded attacks amid the
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