The Strait of Hormuz has been a point of contention in the US-Iran war, which sparked after the US and Israel carried out joint strikes on several key Iranian sites on February 28
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Oil prices remained elevated on Tuesday, holding close to $114 per barrel, as intensifying geopolitical tensions around the Strait of Hormuz continued to unsettle global energy markets, according to reports from Reuters, Bloomberg and regional outlet Asharq News. Brent crude stabilised near this level following a sharp 6% rally earlier in the week, while US […]
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