Oil price jumps 14% to $84 per barrel as US-Iran ceasefire collapses
ONP Summary
Oil prices surged 5–9% as US President Donald Trump announced a reimposed blockade on Iranian shipping through the Strait of Hormuz and demanded a 20% toll for passage by other vessels. The price spike followed military escalation between the US and Iran over the weekend, adding geopolitical risk premium to global markets.
Progressive:Unilateral assertion — progressive outlets stressed Trump's unilateral reinstatement of blockade and toll charge.
Moderate:Economic consequence — centrist outlets framed rising oil as market response to Trump's announced toll policy.
Conservative:Mutual escalation — conservative outlets attributed the surge to escalating US-Iran military strikes.
By Obas Esiedesa, Abuja Global oil prices surged by 14 per cent to almost $85 per barrel yesterday as the escalating conflict between the United States and Iran intensified fears of prolonged disruptions to global crude supplies. Brent crude, the international benchmark, climbed to $84.37 per barrel, up from $76.01 on Sunday, extending a sharp rally […]
The post Oil price jumps 14% to $84 per barrel as US-Iran ceasefire collapses appeared first on Vanguard News. ...
이 뉴스, 어떠셨어요?
탭 한 번으로 반응 · 로그인 불필요