Oil Spikes as Widening Iran Crisis Disrupts Flows Through Hormuz
Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz.
By Yongchang Chin, Sarah Chen · Bloomberg Markets
Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz.