Oil prices rise 6% on fears of US-Iran ceasefire collapse

Oil prices rise 6% on fears of US-Iran ceasefire collapse

Asia One·2026-04-20 19:00

LONDON — Oil prices jumped more than six per cent in early Monday (April 20) trading on fears that the ceasefire between the US and Iran could collapse after the US seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted.

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