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August 6, 2026

Brent Oil Prices Surge 5% Amid Strait of Hormuz Tensions

Tehran: The price of Brent oil increased by around 5% as explosions were heard on Iran’s Qeshm Island in connection with operations targeting “hostile objects” at the entrance to the Strait of Hormuz. The price of a barrel of Brent oil reached $82.3 a…

Brent Oil Prices Surge 5% Amid Strait of Hormuz Tensions

Tehran: The price of Brent oil increased by around 5% as explosions were heard on Iran’s Qeshm Island in connection with operations targeting “hostile objects” at the entrance to the Strait of Hormuz. The price of a barrel of Brent oil reached $82.3 a…