Oil jumps more than 1% after US attack on Iran's Larak island

SINGAPORE - Oil prices jumped more than US$1 ($1.27) a barrel on Monday (Aug 31) 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.Brent crude futures climbed $1.08, or 1.23 per cent, to $89.18 a barrel as at 0040 GMT while...