Iran–Israel–US War: Crude oil prices may spike as companies suspend shipments

Dailypost | 01-03-2026 03:09am |

Crude oil prices could climb sharply after several major oil companies suspended shipments through the Strait of Hormuz amid escalating tensions involving Iran, the United States, and Israel on Saturday. The Strait of Hormuz serves as the primary maritime corridor linking the Persian Gulf to the Indian Ocean, making it one of the world’s most

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