Oil Prices Surge as Strait of Hormuz Closed Amid Conflict

Crude oil prices hit a six-week high as the Strait of Hormuz is closed due to escalating Middle East tensions. Brent crude surpassed $96, while WTI exceeded $88, driven by fresh attacks on oil tankers and concerns over supply disruptions. Iran's Revolutionary Guards and Houthi forces are intensifying fears about global energy shipments, impacting markets worldwide.

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File ID: #267315Original Source: Times Of India ↗

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