EMEA Oil Update: Oil Hits 1-Month High on Supply Concerns
() -- Crude oil benchmarks hit their highest in more than a month on Tuesday as the US-Iran war escalated with further strikes on vessels and the US re-imposing a naval blockade on Iran in the Strait of Hormuz. Brent crude futures jumped 4.6% to $87.17 per barrel, while Murban crude futures advanced by 6.4% to $83.16/b