Offshore

Israel's attack on Iran triggers significant oil price spike

Concerns in the market include that oil transportation out of the Strait of Hormuz off Iran will be disrupted.
The escalation of hostilities in the Middle East has created fears for oil supplies. | Photo: Angus Mordant/Reuters/Ritzau Scanpix
The escalation of hostilities in the Middle East has created fears for oil supplies. | Photo: Angus Mordant/Reuters/Ritzau Scanpix
by MARKETWIRE ‎

Oil prices have risen steeply overnight Friday after Israel according to US officials hit targets in Iran, Bloomberg News reports.

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