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    Oil prices surge 4% amid Hormuz tensions

    1 week ago

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    Oil prices increased by over 4% as military strikes between the US and Iran threaten shipments through the Strait of Hormuz. Brent crude futures rose to $79.11, while US West Texas Intermediate climbed to $74.36. The situation raises concerns about the stability of an interim US-Iranian agreement aimed at reopening the strait and restoring oil supply.
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