Oil Prices Surge 2% as US-Iran Tensions Flare Up in Strait of Hormuz

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Oil prices jumped more than 2% after the United States carried out a military strike targeting Iranian launchers in the Strait of Hormuz. Iran responded by launching attacks on two U.S. air bases located in Jordan. Jordanian forces intercepted eight missiles directed at its territory early Monday, further heightening regional tensions. The escalation marks a renewed flare-up in the Middle East conflict, which has now stretched into its sixth month. Shipping traffic through the strategically vital Strait of Hormuz has declined noticeably amid the growing instability.

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Praggnanandhaa wins Grand Chess Tour Finals, Anand calls him world's best

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