Oil prices soar amid Strait of Hormuz fears as Iran war intensifies
Oil prices have soared after U.S. and Israeli strikes on Iran continued on Sunday night. Brent crude prices hit a new 52-week high on Monday, surging 9.3% to reach $79.40, while U.S. West Texas Intermediate prices also rose more than 9% to $73.10. U.S. President Donald Trump said the “overwhelming military offensive” — which he…