An aerial view Port of Fujairah, United Arab Emirates in the strait of Hormuz. Photo: Reuters
Reuters
Brent crude jumped 10pc to about $80 (€67.74) a barrel over the counter yesterday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war.
The global oil benchmark has rallied this year and reached $73 a barrel on Friday for its highest since July, buoyed by growing concern over the potential attacks that arrived a day later. Futures trading is closed over the weekend.
source