Oil prices extend gains after Iran makes new threat to Gulf shipping
IRAN-ISRAEL
Oil prices made more gains on Tuesday after an Iranian official said his country will "set fire to anyone who tries to pass through" the Strait of Hormuz as the conflict between his country and the US and Israel continues In afternoon trade in Asia, Brent crude was around 3.2% higher at more than $80 (£59.67) a barrel, while US-traded oil was up by about 2.6%. It comes after oil and gas prices surged on Monday and as the US government is set to announce plans to deal with the rising cost of
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