The GuardianLean L·
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 began Oil 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 to cope with the renewed inflationary pres…
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