Brent crude rises amid clashes in critical waterway.
Brent crude rises amid clashes in critical waterway.
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Oil prices have jumped after clashes between United States and Iran in the Strait of Hormuz pushed their tenuous ceasefire to the brink.
Futures for Brent crude rose as much as 7.5 percent during a volatile trading session on Thursday, before easing as Asia’s markets opened on Friday morning.
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Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
