US Strikes on Iran and the Threat of Strait Blockades: Oil Prices Rise Again
The US has launched a new wave of strikes on Iran to weaken the threat to shipping in the Strait of Hormuz 🇺🇸💥. Amid the risk of the Houthis blocking the Bab el-Mandeb Strait, Brent oil prices have soared to $85.72 ⛽📈. Experts are sounding the alarm: in the event of escalation, a barrel could cost $100.
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