Daily Market Updates: Oil prices jump after Iran declares Strait of Hormuz closed

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Oil prices jump after Iran declares Strait of Hormuz closed

Reported · Written up by our desk · Energy

MarketWatch reports oil prices rose as much as 5% at the start of the week after Iran declared the Strait of Hormuz closed.

The move comes amid ongoing exchanges of attacks between the U.S. and Iran, adding to supply disruption concerns tied to one of the world’s key shipping chokepoints.

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Sources

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

Commodities

Oil prices jump after Iran declares Strait of Hormuz closed

More like this

Sources

Get the close, explained.