Sunday, 19 July 2026
Oil prices jumped more than 5% on Monday, on fears that the ceasefire between the United States and Iran could collapse after the US seized an Iranian cargo ship, while traffic through the Strait of Hormuz stayed largely halted.
Brent crude futures advanced $5.08, or 5.62%, to $95.46 a barrel by 0418 GMT and US West Texas Intermediate was at $88.86 a barrel, up $5.01, or 5.97%.
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