Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz

Oil prices have climbed to a one-month high, Channel NewsAsia reports, as the United States and Iran step up attacks in the Strait of Hormuz. Per the network, prices are now at their strongest since the two countries signed a memorandum of understanding in June to end the war. The strait is one of the world's most vital oil shipping routes.

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