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The Economic Times

Business

Veer Sharma

Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?

Iran United States Oil Strait of Hormuz EIA

Oil prices jumped more than $2 a barrel on Thursday after Iran announced the closure of the Strait of Hormuz, the most important shipping route, following additional U.S. strikes on Iranian targets.

Iran's top joint military command said on Thursday that the Strait of Hormuz was closed to oil tankers and commercial vessels, warning that any ship attempting to pass through the waterway would be fired upon.

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