Oil hits 1-month high as US-Iran fighting clouds Strait of Hormuz outlook

Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.

Oil prices have surged to their highest level in a month as renewed hostilities between the United States and Iran continued for a third consecutive day, dampening hopes for a return to normality in the Strait of Hormuz.

Brent crude, the primary international benchmark, rose 2 percent on...