Tag: global oil market news
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$113 WTI shock! Trump’s Iran warning fuels massive oil surge
Global energy markets extended their rally on April 7, 2026, as a sharp oil prices surge reflected deepening concerns over Strait of Hormuz tensions. The WTI crude price climbed to $113.67, while the Brent crude rise pushed global benchmark prices to $110.34 per barrel, signaling growing anxiety over supply disruptions tied to the escalating Middle…