Economic TimesLean R·
Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?
Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. strikes. Iran warned of attacks on any vessels attempting passage, though the U.S. military stated commercial shipping continued unimpeded. The closure threatens to disrupt global oil flows, potentially sending prices significantly higher.
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