Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz
Brent crude benchmark rose to more than $80 a barrel, its steepest increase since ceasefire beganOil markets have recorded their sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led Donald Trump to declare that the ceasefire deal with Iran was over.At the same time, UK short-dated bonds suffered their worst day since the end of March as the prospect grew of a Bank of England rate rise…
Source: www.theguardian.com