US Seizure of Iranian Ship Sparks Rise in Oil and Gas Prices
Oil and natural gas prices surged following the US Navy's seizure of an Iranian ship in the Strait of Hormuz, escalating tensions and casting doubt on peace talks. Brent crude rose as much as 7.9%, while European gas prices jumped 11%, reflecting heightened geopolitical risk.
Topics: energy markets geopolitical risk Iran-US tensions oil prices Strait of Hormuz