BBC News – World
·world
·3 hours ago
Oil price jumps to $117 after reports of 'extended' Iran blockade
Brent crude surged to $117 a barrel Wednesday after reports that US President Donald Trump instructed aides to prepare an extended blockade of Iran's ports. The price, up from $110 Tuesday, reflects supply concerns as Iran threatens to disrupt traffic through the Strait of Hormuz, which carries about one-fifth of global oil and liquefied natural.
Summary by Glance · BBC News – World
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