Energy Markets Rattle: Oil Prices Surge 3% Amid Hormuz Crisis

SINGAPORE — Global oil prices witnessed another aggressive surge on Tuesday morning as the geopolitical standoff in the Middle East intensified, fueling fears of a prolonged blockade in the Strait of Hormuz. Brent crude, the international benchmark, jumped nearly 3% to cross the $103 per barrel mark, while US West Texas Intermediate (WTI) followed suit, … Continue reading Energy Markets Rattle: Oil Prices Surge 3% Amid Hormuz Crisis