Brent rises 1.52% to $109.8/b as Iran threatens attack

Crude oil prices experienced an increase of 1.52%, reaching $109.8 per barrel, following threats from Iran regarding potential attacks on U.S. forces in the disputed Strait of Hormuz. This escalation in geopolitical tensions has contributed to market volatility, prompting investors to react to the possibility of disruptions in oil supply routes. The Strait of Hormuz is a critical passage for global oil shipments, making any threats to security in the area significant for crude oil prices.

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