Oil prices rise after US and Iran exchange fire in Hormuz strait
The story
US President Donald Trump says the ceasefire between Washington and Tehran is still in place.
From the source
Home News Sport Business Technology Health Culture Arts Travel Earth Audio Video Live Weather Newsletters Oil prices rise after US and Iran exchange fire in Hormuz strait 3 hours ago Share Save Add as preferred on Google Osmond Chia and Mitchell Labiak , Business reporters Anadolu via Getty Images Oil prices rose on Friday after the US and Iran exchanged fire in the key Strait of Hormuz waterway.
The US said it made self‑defence strikes in response to "unprovoked" Iranian attacks as US ships were heading out of the Gulf through the strait, which is south of Iran. Iran said the US had violated the ceasefire agreed in April, according to its state media.
The global Brent oil benchmark price rose almost 3% to nearly $103 (£75) a barrel at one point before falling back to around $100.
Who and what
Key names and topics in this story: Iran, Hormuz.
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