Oil tops $80 as Trump revives Iran blockade

AI Summary

Oil prices surged above $80 a barrel following the announcement of a 20% charge on cargo passing through the Strait of Hormuz by Trump, effectively reinstating an Iran blockade. This escalation has raised concerns about global oil supply disruptions.

Oil prices surge above $80 after Trump announces a 20% charge on cargo in the Strait of Hormuz and reinstates an Iran blockade, raising global supply fears Read More: https://punchng.com/oil-tops-80-as-trump-revives-iran-blockade/