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Oil prices jump as US-Iran truce frays and Hormuz shipping risk deepens

Oil prices jump as US-Iran truce frays and Hormuz shipping risk deepens

Global oil prices rose and worries over fuel costs returned on Wednesday as a fragile truce between the United States and Iran showed signs of unravelling, raising fears that prolonged fighting could disrupt tanker movement through the Strait of... Read more.

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Hormuz traffic grinds to a near halt as ceasefire under threat
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