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Oil Surges Past $83 on Iran Shipping Ban Threat at Hormuz Strait

By Market Flux···1 min read

Crude prices jumped over 1%, with Brent rising above $83 per barrel, as Iran considers restricting U.S. and Israeli-linked vessels from the Strait of Hormuz despite recent reopening agreements. Both U.S. and Brent futures extended gains amid doubts about a lasting solution to the critical shipping route. Separately, Houthi forces attacked Saudi positions in Yemen, adding to regional tensions.

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Sources

  1. WsjOil Rises Amid Supply-Disruption Concerns
  2. wsj.comOil Rises Amid Supply-Disruption Concerns
  3. WSJmarketsOil Rises Amid Supply-Disruption Concerns
  4. Seeking AlphaOil prices jump as Iran weighs ban of U.S. ships from Hormuz; Houthis attack Saudi forces in Yemen
  5. ReutersOil rises on concerns over Strait of Hormuz reopening plans
  6. FirstSquawkU.S. CRUDE FUTURES AND BRENT CRUDE FUTURES BOTH RISE OVER 1% AS QUESTIONS LOOM OVER AN IRANIAN SOLUTION TO REOPENING THE STRAIT
  7. InvestingOil extends sharp gains as Iran seeks to ban U.S., Israeli ships from Hormuz
  8. CnbcOil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz