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Al Jazeera English·3 min read·medium

Oil prices surge as US strikes Iran, reversing slide to pre-war levels - Al Jazeera

E
Erin Hale, John Power
Oil prices surge as US strikes Iran, reversing slide to pre-war levels - Al Jazeera
AI Summary

Oil prices have surged above $76 per barrel following renewed military hostilities between the U.S. and Iran. The market reaction reflects concerns over the stability of energy supplies in the Strait of Hormuz.

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.

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