Crude oil soars more than 9% as Trump reimposes Hormuz blockade, resumes military strikes

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Crude oil futures surged to four-week highs Monday, with Brent crude topping $83/bbl and racking up its largest daily percentage gain in more than six years, after President Trump reimposed the U.S. naval blockade on Iranian ports around the Strait of

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Crude oil prices rose by over 9%. President Trump reinstated the Hormuz Strait blockade and military attacks resumed.

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