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Oil Surges Past $82 as Iran Tensions Escalate, Supply Risks Mount

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The Story

News Summary

  • Crude oil surged above $82/barrel, up 5% weekly, as US escalates pressure on Iran over Strait of Hormuz, IEA warns of 2026 supply deficit, and Houthi attacks threaten Saudi refinery.
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WTI price history

101.19 +70.24% over the displayed period

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