Al Jazeera·3 min read·medium
Oil prices jump as US and Iran trade attacks over Strait of Hormuz
J
John Power
✦AI Summary
Brent crude oil prices rose over 4% as military hostilities between the US and Iran intensified around the Strait of Hormuz. The US military is conducting strikes to protect commercial shipping, while Iran threatens consequences for unauthorized transit.
Brent crude climbs more than 4 percent as Washington and Tehran clash over control of critical waterway.
economyworldbusiness
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