Brent crude rises above $90 as Iran threatens military action in Strait of Hormuz

Brent crude surged above $90 per barrel on Monday as renewed tensions between Iran and the United States raised fresh concerns over the security of shipping through the strategic Strait of Hormuz. The international benchmark was trading at $90.53 per barrel by Monday evening, gaining $2.01, or 2.27 per cent, according to Oilprice.com. US West […]