Oil price jumps 14% to $84 per barrel as US-Iran ceasefire collapses

By Obas Esiedesa, Abuja Global oil prices surged by 14 per cent to almost $85 per barrel yesterday as the escalating conflict between the United States and Iran intensified fears of prolonged disruptions to global crude supplies. Brent crude, the international benchmark, climbed to $84.37 per barrel, up from $76.01 on Sunday, extending a sharp rally…