Brent crude price leaps above $84 as Hormuz attacks rattle oil markets
Brent crude jumped more than 3% Thursday, breaking past the $84 mark as traders reacted to escalating supply and shipping threats tied to the expanding U.S.-Israeli conflict with Iran. As of 11:43 a.m. EST, Brent was up $2.92, or 3.59%, at $84.32 a barrel. U.S. West Texas Intermediate surged $4.40, or 5.89%, to $79.06.