Rolling coverage of the latest economic and financial news Oil prices rise as Iran war threatens shipping through strait of Hormuz European natural gas prices have surged today, as the US-Israel war on Iran sparks fears of a major disruption to global energy supplies. Benchmark futures climbed as much as 25% — the biggest increase since August 2023 — Bloomberg report, after tanker traffic through the strait of Hormuz was largely halted over the weekend. Continue reading...