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US Strike in Strait of Hormuz Sends Oil Prices Soaring

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The US military strike on an Iranian island in the Strait of Hormuz has led to retaliation from Tehran, causing oil prices to surge.

Brent crude hit $89.18 per barrel, while US WTI reached $84.32, sparking concerns about potential disruptions to global oil supplies.

The ongoing conflict in the region is making oil prices increasingly unpredictable, with this latest development contributing to their volatility.

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