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…
The Guardian reports: 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?
Business live – latest updates 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.
This business story centres on Saudi Arabia. Names and organisations mentioned in the coverage include Hormuz Shipping, Iran’s IRGC and Gulf.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- Saudi Arabia · Middle East
- Reported by
- The Guardian
- First reported
- Key names
- Hormuz Shipping, Iran’s IRGC, Gulf, Middle East
- Section
- Business
- Figure cited
- Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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