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The Nexus
BUSINESSJul 14 · 11:21 UTCQUARTZCris Tolomia

Oil prices are surging to a one-month high as the U.S. reinstates its Iran blockade

Oil prices reached a one-month high as the U.S. reinstated its Iran blockade, causing Brent crude to rise above $87 a barrel. Fresh U.S.-Iran strikes and tanker attacks raised concerns about supply disruptions through the Hormuz region.

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