Oil prices spiked after shipments through the Strait of Hormuz were disrupted amid the Iran war.
Oil prices spiked after shipments through the Strait of Hormuz were disrupted amid the Iran war.
Trump and Israel split on Iran war goals as oil prices surge, analysts say
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United States President Donald Trump has said he is “thinking about taking over” the Strait of Hormuz so that it remains open. The strait links the Gulf to the Gulf of Oman. It is the only route to the open ocean for oil producers in the Gulf.
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