Oil is likely to rise by $3-$5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, market analysts said.

Iran’s threat to close the Strait of Hormuz after US airstrikes on its nuclear sites could trigger a global oil shock, ...

Iran has voted to close the Strait of Hormuz, a major shipping route which around 20% of the world’s daily oil flows through.