Money

The Guardian -  Oil prices rose and stock markets came under pressure on Monday after intense US-Israeli strikes on Iran prompted fears of significant global economic disruption. Brent crude jumped by as much as 13% during early trading – to hit $82 a barrel, a 14-month high – as the effective closure of the strait of Hormuz, one of the most important arteries for global trade, intensified concerns over oil supplies. While oil later fell back slightly from its initial highs, Brent remained up by 6% at nearly $78 a barrel.