Oil prices skyrocket past $100 after US announces Strait of Hormuz blockade; Brent jumps 7%, WTI climbs to $104
Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…
