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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Oil prices jump to five-month high as attacks threaten global supply

Oil IRGC Hormuz Iran Gulf United States
Vessels at the strait of Hormuz, as seen from Musandam, Oman.
Vessels at the strait of Hormuz, as seen from Musandam, Oman. Photograph: Reuters

Oil prices jumped to a five-month high on Thursday after ​attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply.

Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May.

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