About 20 percent of the world's oil passes through the Strait of Hormuz. The location of the strait makes it an important commercial hub. (Archive photo). Photo: Hamad I Mohammed/Reuters
Oil prices surge after Iran attack
Oil prices rose sharply in Asian trade on Monday following unrest in the Middle East. The price of Brent crude reached $82 per barrel, a 13 percent increase from Friday’s close. This surge follows extensive American and Israeli air strikes on Iran, which reportedly killed Iran’s Supreme...
Get full access to Danish News in English
Gain exclusive access to daily news updates in English pertaining to Denmark with a Ritzau News subscription.
Already a subscriber?