61 Days
Source:
The Guardian
Oil prices reach record high after Iran attacks tankers near Strait of Hormuz
Oil prices surged to over $78 a barrel following attacks on tankers near the Strait of Hormuz, leading US officials to declare the ceasefire with Iran as effectively over. Iran's attacks disrupted tanker transit, causing at least four vessels to turn back and halting most traffic through the strait, which had previously experienced partial normalization. This renewed escalation has increased fears of further supply disruptions, causing a sharp rise in global oil and European gas prices.
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