Oil Price Soars Past $111 as US-Iran War Threatens Bab el-Mandeb Strait

As the US-Iran war enters its 36th day, global oil prices have surged past $111, with a more than 11% hike. This sudden rise in the crude oil price is driven by raising fears over the security of key maritime trade routes. Following the closure of the Strait of Hormuz, markets are now bracing for

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