Just In:
Oil Prices Surge as Blockade Takes Effect
Market reaction: Oil prices have resumed their sharp climb following the U.S. blockade announcement, with Brent crude rising as shipping traffic in the Strait of Hormuz has come to a near standstill. Asian markets declined in early trading amid renewed fears over global energy supplies. Analysts are watching closely for further economic fallout.
#OilPrices #GlobalEnergy
