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Oil prices surge as much as 5% after Iran declares Strait of Hormuz is closed

Oil prices surge as much as 5% after Iran declares Strait of Hormuz is closed
Key Points

The week is kicking off with fresh spikes for oil prices as the U.S. and Iran continued to exchange attacks.

The week is kicking off with fresh spikes for oil prices as the U.S. and Iran continued to exchange attacks.
Iran (LOCATION) Strait (LOCATION) Hormuz (LOCATION) U.S. (LOCATION)
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