Oil price jumps 10% amid West Asian conflict, closure of Strait of Hormuz
Global oil prices surged nearly 10% on Monday as the conflict in West Asia intensified and oil flows through the Strait of Hormuz remained disrupted, stoking fresh supply concerns.
The April contract of Brent on the Intercontinental Exchange surged over 10% to touch a high of $81.87 per barrel as markets opened on Monday.
