In the oil market, the price of Brent crude has leapt 6.7 per cent to $87.55 per barrel after fighting resumed in the US-Israel war on Iran, raising worries about the global flow of oil, Al Jazeera reports.

Brent oil’s price had swung as low as $72 early this month and as high as $102 last week on uncertainty about whether the United States and Iran could reach a deal to allow oil tankers to move freely again from the Middle East to customers worldwide.