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Inflation

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Oil price jumps after continued U.S. attacks and tension in the Strait of Hormuz

Oil price jumps after continued U.S. attacks and tension in the Strait of Hormuz

🔶 Oil price rises following continued U.S. attacks on Iran In response to the ninth consecutive night of U.S. attacks on Iran and the situation in shipping in the Strait of Hormuz, oil prices surged sharply at the start of trading in Asian markets on Monday, 29 Tir (20 July). The price of Brent crude for delivery in September rose by 2.72% to $90.50 per barrel. As reported by Agence France-Presse, the price briefly…

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