New Delhi, April 20 -- Crude oil prices jumped as rising US-Iran tensions in the Middle East restricted shipping in and out of the Gulf, with Iran re-imposing its de facto closure of the Strait of Hormuz.

Brent crude oil price rallied 6.10% to $95.89 a barrel, while the US West Texas Intermediate (WTI) crude futures surged 7.49% to $90.13 a barrel.

The US-Iran war ceasefire is due to run until Tuesday, but is in doubt after the US seized an Iranian cargo ship and Tehran's top military command vowed to retaliate.

(More to come)

Published by HT Digital Content Services with permission from MINT....