Oil jumps 4% as new military strikes threaten Hormuz shipments

Some 20% of the world's oil and liquefied natural gas transited the strait before ​the war began at the end of February.-Iranian agreement signed last month that aimed to reopen the strait and end the war after a further 60 days of negotiations.

Oil prices surged over 4% on Monday as energy shipments via ​the Strait of Hormuz remained under threat, with the U.