Oil prices jump 9% to $82.90 on worsening US-Iran conflict

AI Summary

Oil prices surged by approximately 9% to $82.90 following escalating US-Iran tensions, including the US naval blockade reimposition on Iranian ports and mutual attacks. This conflict has caused notable volatility in the energy markets.

Oil prices shot up around nine percent Monday as President Donald Trump announced the reimposition of a US naval blockade on Iranian ports while the two sides traded attacks. The post Oil prices jump 9% to $82.90 on worsening US-Iran conflict appeared first on Vanguard News.