Global Oil Prices Jump over 5% to 44-Month High amid Iran's Strait of Hormuz Shutdown

[Economy] : Global oil prices jumped more than five percent to a 44-month high in the wake of Iran's shutdown of the Strait of Hormuz as part of the ongoing war with the U.S. and Israel. West Texas Intermediate for May delivery ended Friday at 99 U.S. dollars and 64 cents per barrel, up five-point-46 percent from the ... [more...]

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