Oil prices rose today as fresh US-Iran strikes renewed fears over supplies through the Strait of Hormuz. Brent crude climbed 3.5% to $78.67, while WTI gained 3.4% to $73.87. Despite US assurances the strait remains open, tensions, limited shipping activity, and ongoing attacks have increased uncertainty, adding a risk premium to global crude markets.
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Brent Crude Nears $79 Amid US-Iran Strike Escalation
