Tag: Iran shipping blockade
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Oil prices surge as Trump seeks coalition to reopen Strait of Hormuz
Global oil prices continued their sharp climb on Monday as markets reacted to the ongoing Strait of Hormuz disruption, one of the most critical energy chokepoints in the world. Benchmark Brent Crude briefly surged above $106 per barrel on Sunday before easing slightly in early trading. As of 04:30 GMT, Brent was trading around $104.63…