Oil prices hit one-month high amid renewed US-Iran strikes

Oil prices hit one-month high amid renewed US-Iran strikes Oil prices rose about two percent to a one-month high on Tuesday after the US imposed a naval blockade and launched new strikes on Iran. “The resumption of attacks between the US and Iran is accelerating this week and will likely continue given the additional US bombing overnight that followed reinstatement of a US blockade of the Strait of Hormuz,” energy analysts were reported as saying by Reuters. Trump withdrew from his proposal on Monday of charging a