Oil prices jump to five-month high as attacks threaten global supply

Iran’s IRGC says it hit four vessels in the northern Gulf and three more struck mines near the strait of Hormuz Shipping workers: how is the Middle East conflict affecting you? Oil prices jumped to a five-month high on Thursday after ​attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply.

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Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May. Continue reading...