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Al Jazeera·3 min read·hard

Oil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook

J
John Power
Oil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook
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Brent crude oil prices have surged to a one-month high following renewed military hostilities between the United States and Iran in the Strait of Hormuz. The escalation includes retaliatory strikes and threats of renewed blockades, creating significant volatility in global energy markets.

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Brent crude nears $85 a barrel amid renewed hostilities between Washington and Tehran.

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