international
Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening
Key takeaways
- Brent crude edges up as tit-for-tat strikes imperial return to normality in key waterway.
- Brent crude, the primary international benchmark, rose about 0.9 percent on Monday after tit-for-tat US and Iranian strikes over the weekend renewed doubts about a return to normal shipping in the Strait of Hormuz.
- Brent futures for August delivery stood at $73.21 a barrel as of 03:30 GMT, 127 cents higher than the day before the US and Israel launched their war on Iran on February 28.
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Brent crude edges up as tit-for-tat strikes imperial return to normality in key waterway.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Boats sit anchored off Oman's northern Musandam Peninsula near the Strait of Hormuz on June 27, 2026 [AFP]By John Power Published On 29 Jun 202629 Jun 2026Oil prices have climbed following the latest flare-up in hostilities between the United States and Iran.
Brent crude, the primary international benchmark, rose about 0.9 percent on Monday after tit-for-tat US and Iranian strikes over the weekend renewed doubts about a return to normal shipping in the Strait of Hormuz.
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