Oil prices soar after Iran’s retaliatory strikes on US airbases | Finance report

Oil and energy shares are among the big gainers as tensions escalate between Iran and the United States.

After Iran’s strikes on Iraqi airbases housing US troops, crude prices surged to an 8-month high before easing back.

And if that trajectory continues, Australian motorists could start to feel the pinch at the petrol pump.

Phillip Lasker explains.

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