Tag: Hormuz oil crisis
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Oil price surge pushes Brent crude above $116 amid Iran US tensions
The oil price surge has accelerated sharply, with the global benchmark Brent crude price crossing $116 per barrel, underscoring intensifying Iran US tensions and the deepening global energy crisis. The spike reflects growing fears that the conflict could spiral further, disrupting already fragile energy supply chains and triggering widespread economic consequences. Oil price surge driven…