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Crude Oil Surges Toward $92 as Middle East Conflict Disrupts Hormuz Shipping

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The Story

News Summary

  • Crude oil surged toward $92 per barrel, heading for a 10% weekly gain amid escalating Middle East tensions and shipping disruptions in the Strait of Hormuz.
  • Fresh strikes between the US and Iran, refinery outages, and tight global fuel inventories continue to heighten supply shortage risks.
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