Oil hits 1-month high as US-Iran fighting clouds Strait of Hormuz outlook
business
Oil has surged to eighty-five dollars a barrel, its highest level in a month, amid renewed hostilities between the United States and Iran. Al Jazeera English reports the tension clouds the outlook for the Strait of Hormuz, a critical chokepoint for global crude supplies.
Source: https://www.aljazeera.com/economy/2026/7/14/oil-hits-1-mo...
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