
Oil extends gains after new Iran threat to Gulf shipping
It comes after prices surged on Monday and as the US is set to announce plans to deal with the rising cost of energy.
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Oil and gas prices rise on new Iran threat to Gulf shipping
Iranian official threatens to "set fire" to any ships passing through the crucial Strait of Hormuz.
Read full article →Oil prices surge amid Middle East crisis
Oil prices remain elevated for a third consecutive day as the Middle East crisis intensifies and tensions escalate between the US and Israel. Fears of a potential closure of the Strait of Hormuz are fuelling concerns over global supply disruptions. Brent crude stood at $78.83 a barrel (+1.10%) around 03:10 Cyprus time, after soaring as […]
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