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Oil Prices Surge Amid Iran Tensions | Dayton News
Oil prices surged over 5% this week after fresh clashes near the Strait of Hormuz reignited fears of a global energy shock, sending Brent and WTI back to near pre-war highs. President Trump’s comments hinting at the collapse of the Iran ceasefire triggered the spike, reversing recent pump-price relief. The renewed hostilities—marked by Iranian missile strikes and U.S. retaliatory strikes—signal the most serious breach of the fragile truce since it began last month. With global oil inventories already at multi-decade lows, any further disruption could push markets into a “red zone,” taking…
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