@dailymail: Oil prices jumped to $78.35 a barrel as Iran expanded strikes on Gulf states following attacks by the United States, threatening energy shipments via the Strait of Hormuz. Over the weekend, Tehran extended strikes on Qatar and the United Arab Emirates while the U.S. launched further strikes on Iran, the latest counter-attacks over shipping through the strait. U.S. President Donald Trump said on Sunday (July 12) that the Strait of Hormuz is open to commercial traffic, although Iran declared earlier that it closed the strait after a vessel travelled on an unapproved route and was struck. #oil #usa #iran #hormuz