Global oil prices have jumped after US President Donald Trump said its navy had intercepted and seized an Iran-flagged cargo ship.
The Brent crude benchmark oil price jumped over 6% to around $96 (£71) a barrel, reversing the slump on Friday.
Brent crude futures advanced $4.37, or 4.8%, to $94.75 a barrel by 1148 GMT and U.S. West Texas Intermediate was up $4.76, or 5.7%, at $88.61.
MNA
TEHRAN, Apr. 20 (MNA) – Oil prices jumped about 5% in Monday after the US Navy action in continued its naval bolckade against Iran and closure of Strait of Hormuz.
News ID 243821
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