Oil prices rise sharply amid Strait of Hormuz tensions
after close1 source ↓written by the desknot a recommendation
- on Monday
- 6%
- per barrel
- $114.44
- on Tuesday morning
- $113.54
Oil prices surged nearly 6% on Monday, with Brent crude reaching $114.44 per barrel, amid escalating violence in the Strait of Hormuz. The US military's destruction of Iranian boats and missile attacks on the UAE have heightened concerns over supply disruptions. Prices eased slightly to $113.54 on Tuesday morning, reflecting ongoing market volatility.
Not investment advice. For informational purposes only.