US-Iran hostilities trigger sharp rise in oil prices

Bangla Press Published: 13 July 2026, 02:00 AM

US-Iran hostilities trigger sharp rise in oil prices

Bangla Press Desk: Oil prices opened sharply higher on Monday after the United States launched a wave of attacks on Iran and as Tehran announced it would close the Strait of Hormuz.A barrel of international benchmark Brent crude for September delivery rose 3.75% to $78.86 at around 2210 GMT on Sunday.US benchmark West Texas Intermediate rose 3.65 percent to $74.02 per barrel for August delivery.

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