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world21h ago
Oil prices rise after US and Iran exchange fire in Hormuz strait
Bbc.com and 6 more
- Oil prices surged in early Asian trade on Friday after Iran and the U.S. exchanged fire in the Strait of Hormuz, threatening to break the very fragile ceasefire.
- Brent crude rose to about $102.70 per barrel, while West Texas Intermediate climbed around 1.95% in early trading.
- Analysts cautioned the flare-up tests the Hormuz ceasefire's durability, keeping market mood volatile despite de-escalation talk.
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