Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz

Brent crude benchmark rose to more than $78 a barrel, its steepest increase since ceasefire began Oil markets have recorded the sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led Donald Trump to declare that the ceasefire deal with Iran was “over”. Meanwhile UK short-dated bonds suffered their worst day since the end of March, as the prospect grew of a Bank of England rate rise to cope with the renewed inflationary pressures. Continue reading...

Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz

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