Oil prices rise as reports of fresh US-Iran strikes overshadow Hormuz deal hopes

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AI Summary

Oil prices have risen due to reports of fresh US-Iran military strikes, casting doubt on hopes for a diplomatic deal regarding the Strait of Hormuz. This development has heightened geopolitical tensions impacting energy markets.

World Security Politics Markets Commodities Energy Shipping oil prices US-Iran strikes Hormuz energy markets geopolitics strait of Hormuz diplomacy

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