Crude oil prices surge up to 1 pc as US-Iran tensions escalate

IANS | June 10, 2026 11:49 AM

New Delhi, June 10 (IANS) Global crude oil prices traded higher on Wednesday, increasing by up to 1 per cent after the United States launched strikes against Iranian military targets near the Strait of Hormuz, raising concerns over potential disruptions to energy supplies from the strategically important region.