#Energy #prices surge as tanker disruptions & shutdowns rattle global supply
#Oil prices rose sharply Monday as disruptions to traffic through the #StraitOfHormuz raised uncertainty about how #US & #Israel attacks on #Iran would affect supply to the world #economy.
US oil traded 7.6% higher at $72.12 per barrel, while international standard Brent was up 8.6% at $79.11 per barrel. Natural gas futures in Europe jumped >40% after Qatar halted production due to the war.
