The Guardian Australia
·general
·1 hour ago
Brent crude surges past $122 barrel amid US-Iran tensions and blockade
Brent crude oil surged above $122 a barrel Wednesday, its highest level since 2022, as US-Iran ceasefire negotiations stalled and the Strait of Hormuz remained effectively closed. The nearly 10% one-day jump reflects market concerns over Donald Trump's willingness to maintain a US Navy blockade on Iranian ports.
Summary by Glance · The Guardian Australia
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