SINGAPORE – Global oil prices jumped by more than 4% on Monday as concerns intensified over the security of energy supplies passing through the Strait of Hormuz following fresh military action involving the United States and Iran. Brent crude gained $3. 10, or 4. 08%, to reach $79. 11 per barrel by 0325 GMT. Meanwhile, U. S. West Texas The post Oil prices jump 4% as US-Iran tensions over Hormuz flare up appeared first on Daily Pakistan English News.
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