BUSINESSJul 14 · 00:32 UTCCNBC TOP

Oil gains over 2% as Mideast tensions and Hormuz toll prospects raise supply worries

Oil prices increased by over 2% due to U.S. President Donald Trump's announcement of plans to impose shipping fees in the Strait of Hormuz, which has raised concerns about supply disruptions amid Middle East tensions.

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OiltopicUS President Donald TrumppersonStrait of HormuzplaceMiddle East tensionstopicshipping feestopicsupply worriestopic

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