Iran Extends Gulf Attacks, Oil Prices Surge Amid Hormuz Strait Concerns

Washington D.C. Iran has expanded its attacks in the Gulf countries after America attacked. As a result, the price of crude oil has risen sharply on Monday as the energy transportation through the Strait of Hormuz has become a threat.

By 11:11 PM Greenwich Mean Time, Brent crude futures rose by $2.34, or 3.08 percent, to $78.35. Similarly, American West Texas Intermediate crude rose by $2.21 per barrel, or 3.09 percent, to $73.62.