Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears

NEW DELHI, MAY 28 (IANS): Global oil prices rebounded nearly 4 per cent on Thursday after declining sharply in the previous session, as fresh US military strikes on Iran revived concerns over supply disruptions while uncertainty persisted over the future of the Strait of Hormuz.International benchmark Brent crude rose 3.83 per cent to trade at [...] The post Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears first appeared on Nagaland Post .