Oil soars above $100 as Iran keeps Hormuz closed despite truce extension

Oil prices surged on Thursday despite US President Donald Trump’s extension of the Iran war ceasefire. Tehran has said it will not reopen the Strait of Hormuz to allow shipping traffic as long as a US naval blockade remains in place. Crude prices jumped as much as 4% in early Asian trading, with the international … The post Oil soars above $100 as Iran keeps Hormuz closed despite truce extension appeared first on Times Kuwait .

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