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Oil extends gains after US and Iran strike ships
Oil prices experienced a significant rise on Monday, following a spike in tensions between the US and Iran. The US struck three Iranian oil tankers in a bold move, while Iran responded by targeting US vessels. Maritime intelligence highlighted an alarming escalation with economic repercussions, as shipments through the Strait of Hormuz reached their lowest levels since May.
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thehindubusinessline.com
Crude oil prices rise as US-Iran strikes raise fears of prolonged Hormuz supply disruption
Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT while U.S. West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or 0.72%.
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economictimes.indiatimes.com
Oil extends gains after US and Iran strike ships
Oil prices experienced a significant rise on Monday, following a spike in tensions between the US and Iran. The US struck three Iranian oil tankers in a bold move, while Iran…
