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Oil retreats as US-Iran threats test Hormuz supply route

1 min read
Source: Business Insider
Oil retreats as US-Iran threats test Hormuz supply route
Photo: Business Insider
TL;DR Summary

Oil prices pulled back on Sunday after a volatile session spurred by threats between the US and Iran over reopening the Strait of Hormuz, with Brent around $111 a barrel and WTI near $98 as traders weigh potential supply disruptions from the chokepoint that handles about 20% of global oil.

Topics:top-news#business#geopolitics#oil#oil-prices#strait-of-hormuz#us-iran-tensions
Share this article
  1. Oil prices dip despite the US and Iran trading threats  Business Insider
  2. The economy has a Strait of Hormuz deadline for Trump: Two weeks  CNBC
  3. Oil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely  CNN
  4. Oil Edges Lower as Traders Eye Trump’s Deadline to Reopen Strait of Hormuz  WSJ
  5. Oil Rises as Trump’s Hormuz Ultimatum Risks Escalating War  Bloomberg

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