Oil prices surge as Iran accuses US of breaking ceasefire, Strait of Hormuz disrupted
WTI crude rose 7.5% to $90.17 per barrel on Sunday after Iran accused the United States of breaking a ceasefire that had held since early April. Brent crude, the global benchmark, climbed 6.5% to $96.27 per barrel in the same period, reflecting heightened fears over supply disruptions in the Gulf. The price jump followed the … Read more