Following renewed strikes between the US and Iran, oil prices jumped more than 3% amid growing concerns about the flow of energy supplies through the Strait of Hormuz.

Following renewed strikes between the US and Iran, oil prices jumped more than 3% amid growing concerns about the flow of energy supplies through the Strait of Hormuz. Link Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear "The Strait of Hormuz is a vital maritime corridor for global trade. Iran does not control it," CENTCOM said following its strikes on dozens of Iranian targets.