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Oil prices surge over 8% as the US announces a naval blockade of Iran, pushing Brent crude past $103 a barrel. This follows the collapse of ceasefire talks, signaling rising tensions in the region.
Brent crude oil prices have soared to $119 per barrel amid escalating tensions in the Iran conflict, impacting fuel costs globally and prompting varied responses from countries around the world.
The surge in Brent crude oil prices to over $100 a barrel highlights the volatile interplay between US-Iran negotiations and market reactions. What’s driving this sudden spike?
Oil prices have skyrocketed to over $100 per barrel amid escalating tensions in the Gulf, even with a record release of reserves announced. The Strait of Hormuz remains a flashpoint, raising concerns about future supply disruptions.
