Oil breakout: Price jumps 13%, surpasses $80 on Middle East war-linked supply fears

A view of Hin Leong’s Pu Tuo San VLCC supertanker in the waters off Jurong Island in Singapore, July 11, 2019. — ReutersProlonged Strait of Hormuz disruption could remove 8-10m bpd from supply.Rising energy prices may fuel inflation, hurt global economic growth.Major shipping…

Related posts:

PSX hovers near record highs before retreating amid ratings speculation Five private firms pitch proposals for ferry service from Gwadar to Gulf region Pakistan’s annual inflation accelerates to 4.1% in July Unemployment edges up to 7% in Pakistan, shows data