Middle East Conflict Triggers Global Oil Crisis as Strait of Hormuz Shipping Route Closure Sends Crude Prices Soaring Past $100 per Barrel

[»] Jump to Summary... Global oil markets have been thrown into turmoil since the outbreak of the latest conflict in the Middle East. Within days of the escalation, crude prices shot upward, climbing to around $100 per barrel — more than a third higher than previous levels. Traders and energy analysts say the surge reflects

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