Oil Jumps After Iran Attack Threatens Strait Of Hormuz

Oil prices jumped as attacks near the Strait of Hormuz raised the market’s estimate of short-term transport risk, pushing Brent crude up as much as 10% to above $82 a barrel on Monday. The price spike followed a weekend in which at least three ships were attacked near the strait and international shipping slowed sharply […] The post Oil Jumps After Iran Attack Threatens Strait Of Hormuz appeared first on the deep dive.