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The Nexus
SECURITYJul 12 · 22:57 UTCMIDDLE EAST EYEElis Gjevori

Oil prices spike as renewed US-Iran war threatens global supply route

Oil prices have climbed by more than 3 percent due to renewed US-Iran conflict, raising concerns about disruptions in the Strait of Hormuz. Brent crude futures rose to $78.68 a barrel as the critical waterway, through which 20% of global petroleum liquids flow, faces potential threats.

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