Oil prices surge over 3 per cent in early Asian trading, driven by intensifying military clashes between the United States and Iran that have severely disrupted energy shipments through the Strait of Hormuz, according to AlJazeera.
Brent crude futures jump $2.75, or 3.12pc, to $90.85 a barrel by 22:02 GMT. Meanwhile, US West Texas Intermediate (WTI) crude futures advance $2.56, or 3.10pc, to settle at $85.05 a barrel.
