Quartz·2 min read·medium
Oil prices are surging to a one-month high as the U.S. reinstates its Iran blockade
✦AI Summary
Oil prices have reached a one-month high following the U.S. reinstatement of an Iran blockade and reports of tanker attacks. These geopolitical tensions have raised concerns regarding supply chain disruptions in the Strait of Hormuz.
Brent crude rose above $87 a barrel on Tuesday as fresh U.S.-Iran strikes and tanker attacks stoked fears over Hormuz supply flows
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