Use of archive footageNorth Sea oil prices have risen to a new record high as traders rush to secure supplies.It came as US President Donald Trump accused Iran of not abiding by a ceasefire agreement to immediately open the Strait of Hormuz.Forties Blend, the marker used for cargoes of oil produced off the coast of the UK, rose to almost 147 US dollars (£109.50) a barrel late on Thursday.It surpassed the previous high reached during the 2008 financial crisis, according to data from LSEG.The price of oil from the North Sea has soared since the start of the conflict in the Middle East and is up from around 60 dollars (£44.70) a barrel at the start of the year.The jump has been driven by a scramble to secure physical shipments of oil in Europe.
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