Three months of Hormuz chaos: Oil prices jump 3% amid US-Iran standoff

Oil prices saw a dip as hopes for a US-Iran deal to ease Middle East tensions and reopen the Strait of Hormuz emerged. Despite earlier drops, crude prices are recovering slightly. President Trump emphasized his …

Oil prices saw a dip as hopes for a US-Iran deal to ease Middle East tensions and reopen the Strait of Hormuz emerged. Despite earlier drops, crude prices are recovering slightly. President Trump emphasized his focus on preventing Iran’s nuclear ambitions and ensuring the Strait’s accessibility, warning against interference.

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