Oil hits record highs: How the conflict in the Strait of Hormuz has driven up energy prices
Oil is hitting record highs again: Brent reached $90, and WTI hit $84. The cause is the breakdown of the ceasefire between the US and Iran and the threat of closing the Strait of Hormuz. 🛢️⚡️ The US and Iran are exchanging strikes, while the number of ships in the strait has halved. 📉
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