Oil prices rise after Iran launches ballistic missiles at Israel, Hormuz risk (eco.sapo.pt)

• Brent crude rose over 3% to above $96 per barrel.
• Iran fired ballistic missiles at Israel – first such attack since April ceasefire.
• Strait of Hormuz remains largely closed; risks to global oil supply.

"Oil prices surged on Sunday evening after Iran fired ballistic missiles at Israel, with Brent crude rising over 3% to above $96 per barrel and WTI climbing to over $93. It was the first such attack since an April ceasefire, raising fears of renewed open conflict and reducing chances of reopening the Strait of Hormuz, through which about a fifth of global oil passes. Brent had previously hit $126 but had fallen on hopes of a deal. Trump said the attack would not affect peace efforts and urged Netanyahu not to retaliate."