Oil prices jumped more than $1 a barrel on Monday after the US attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month, Reuters reports.
Brent crude futures climbed $1.08, or 1.23 per cent, to $89.18 a barrel as at 0040 GMT while US West Texas Intermediate crude was at $84.32, up 92 cents, or 1.10pc.
