Oil Shock Looms: Brent Jumps 7% As Iran Renews Hormuz Threat, Adds Bab el-Mandeb Warning
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Oil Shock Looms: Brent Jumps 7% As Iran Renews Hormuz Threat, Adds Bab el-Mandeb Warning

Global oil markets surged on Monday after Iran reportedly suspended indirect diplomatic communications with the United States and renewed warnings over the Strait of Hormuz, while also signalling potential disruption risks around the Bab el-Mandeb Strait. The developments reignited fears of a broader regional escalation […]

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