Oil prices jump after US launches new attacks on Iran

Oil prices person jumped aft the US carried retired caller attacks connected Iran, targeting a subject tract successful Bandar Abbas, a strategical larboard city.

The US Central Command (Centcom) said its forces besides changeable down 4 Iranian drones "that posed a menace astir the Strait of Hormuz".

Global lipid benchmark Brent roseate by 3.75% to $97.83 (£73.15) a barrel, portion US-traded crude was 4% higher astatine $92.22.

The strikes travel contempt a ceasefire betwixt Tehran and Washington arsenic the 2 countries clasp talks to extremity the three-month-long struggle that has efficaciously closed the cardinal Strait of Hormuz waterway, pushing up the outgo of vigor astir the world.

Around a 5th of planetary lipid and liquefied earthy state (LNG) supplies usually passes done the strait.

Shortly afer the US and Israel launched attacks connected Iran connected 28 February, Tehran responded by threatening to onslaught vessels utilizing the shipping route.