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Wed 08/07/2026 - 19:13

Oil prices jump 7% as US-Iran truce buckles under fresh hostilities

By Shariq Khan and Anushree Mukherjee

July 8 (Reuters) - Crude oil prices soared about 7% on Wednesday after U.S. President Donald Trump threatened fresh strikes against Iran, which could lead Iran to close the Strait of Hormuz to ship t...

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