Oil price focus as UK-Iran tit-for-tat tanker seizure spat gets serious

The price of Brent crude jumped 2% to over $63.20 a barrel and any further escalation could send prices higher.

Oil price focus as UK-Iran tit-for-tat tanker seizure spat gets serious
Sun, 21 Jul, 2019 - 19:48
Eamon Quinn

Oil markets are focussing this week on the political tension between the UK and Iran after their tit-for-tat spat involving the seizures of tankers escalated late on Friday.

The price of Brent crude jumped 2% to over $63.20 a barrel and any further escalation could send prices higher.

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