Oil prices surge after reported US strikes on Iranian launchers

CommSec’s Gillian Bowen analyses how oil markets are reacting to reported US strikes on Iranian missile launchers. “Reports that US forces have fired on Iranian rocket launchers reportedly preparing to lay mines in the key maritime route of the Strait of Hormuz,” Ms Bowen told News24. “There has been an impact on oil prices … at the open, futures gained more than two per cent.” Presented by CommSec.