Oil Surges to $114 Following Iranian Strikes on UAE Port
OilPrice.com1 min read
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A fragile four-week ceasefire between the United States and Iran appears to be on the brink of collapse following a violent exchange of fire in the Persian Gulf on Monday.
The flareup drew in the United Arab Emirates (UAE) and sent global oil prices soaring as threats to the strategic Strait of Hormuz intensified.
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Original source: OilPrice.com