Oil shock: price surge amid Strait of Hormuz closure and Persian Gulf conflict

Silhouette of an oil rig against a sunset, symbolizing rising oil prices due to the conflict in the Persian Gulf

The image shows the silhouette of an oil rig against a sunset, symbolizing tension in the global oil market. This is linked to the escalation of conflict in the Persian Gulf and potential disruptions in supplies through the Strait of Hormuz.

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