NewzTensions in the Middle East have driven the price of Brent crude oil up by 2.3 percent, pushing the cost per barrel toward 94 dollars. This market movement follows ongoing geopolitical friction between the United States and Iran regarding control of the Strait of Hormuz, a critical maritime chokepoint.
In-depth summary · AI, neutralTrump is strangling Iran's economy and oil sales, but the country could have the upper hand in the Strait of Hormuz.
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WTOP News
Geopolitical power struggle over the Strait of Hormuz
Infobae
Direct economic impact of regional instability on oil prices