Tag: Strait of Hormuz blockade 2026
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Oil prices cross $103 as U.S. signals targeted Hormuz blockade
Global energy markets were jolted into fresh volatility after an intense oil price surge pushed crude above $103 per barrel, triggered by renewed fears surrounding a potential Strait of Hormuz blockade. The sharp rally followed an announcement by Donald Trump regarding a U.S. naval blockade targeting Iranian-linked shipping, a move that has amplified concerns about…