Oil prices surge again as US-Iran tensions disrupt Strait of Hormuz shipping – Flapraze.buzz

Oil prices surge again as US-Iran tensions disrupt Strait of Hormuz shipping

NEW YORK, United States — Oil prices climbed in early Sunday trading after a U.S.–Iran standoff halted tanker traffic through the strategically vital Strait of Hormuz, a key route for global energy shipments. US crude oil rose 6.4% to $87.88 per barrel when trading resumed on the Chicago Mercantile Exchange, while Brent crude, the global

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