Oil prices rise more than 2% as U.S.-Iran strikes renew supply fears

AI Summary

Global oil prices surged over 2% following military strikes between the U.S. and Iran, raising concerns about the security of energy shipments through the Strait of Hormuz. This incident threatens one of the world's key oil transit routes.

Global oil prices climbed more than 2% on Monday after fresh military strikes between the United States and Iran heightened concerns over the security of energy shipments through the Strait of Hormuz, a key global oil transit route. The post Oil prices rise more than 2% as U.S.-Iran strikes renew supply fears appeared first on Nairametrics.