Oil Prices Jump After U.S. and Iran Exchange Fire in Strait of Hormuz
Oil prices surged in early Asian trade on Friday after Iran and the U.S. exchanged fire in the Strait of Hormuz, threatening to break the very fragile ceasefire that has held for a month so far. At the time of writing, Brent crude had climbed 2.64% to $102.70 per barrel, while West Texas Intermedia
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