Oil tops $80 as Middle East tensions flare in US-Iran standoff

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Source: Yahoo Finance
Oil tops $80 as Middle East tensions flare in US-Iran standoff
Photo: Yahoo Finance
TL;DR Summary

Oil prices surged above $80 per barrel as renewed US-Iran tensions in the Middle East raised fears of supply disruptions via the Strait of Hormuz, prompting gains across energy futures and related markets.

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