BBC World reports: Oil prices rise after US and Iran exchange fire in Hormuz strait17 minutes agoShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterAnadolu via Getty ImagesOil prices rose on Friday after the US and Iran exchanged fire in the key Strait of Hormuz waterway.The US said it made self‑defence strikes in response to "unprovoked" Iranian attacks as US ships were heading out of the Gulf through the strait, which is south of Iran. "But as last night's clashes show, even a start to negotiation seems a long way off."People urged not to cancel flights over fuel shortage fearsWhat's happening to UK petrol and diesel prices?International BusinessOilDonald TrumpFuelIran war
Originally reported by BBC World. This story has been edited and re-presented by BRIC Team.
