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Oil rises on concerns over Strait of Hormuz reopening plans

Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78.84, skepticism grows regarding the restoration of standard tanker traffic amidst sanctions. Moreover, Yemen's Houthis have claimed responsibility for missile and drone assaults against Saudi military positions.

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Economic TimesLean R·1h ago
Oil rises on concerns over Strait of Hormuz reopening plans
Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78.84, skepticism grows regarding the restoration of standard tanker traffic amidst sanctions. Moreover, Yemen's Houthis have claimed responsibility for missile and drone assaults against Saudi military positions.
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Oil rises on concerns over Strait of Hormuz reopening plans

How 1 sources are covering this

Oil rises on concerns over Strait of Hormuz reopening plans

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