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Oil Rallies 7% as Hormuz Traffic Slows Amid Iran-US Tensions
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Oil Rallies 7% as Hormuz Traffic Slows Amid Iran-US Tensions

By rawfin.tv Markets Desk||1 min read|AI-assisted · Methodology

Oil prices surged more than 7% this week following a slowdown in tanker traffic through the Strait of Hormuz, triggered by renewed conflict between Iran and the U.S. Investors are concerned that potential disruptions to this critical shipping lane could severely impact global oil exports.

Oil PricesGeopoliticsStrait of HormuzIranUSEnergy Security

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