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Oil rises for third consecutive day as Washington resumes blockade of Iranian shipments
Oil prices rose for the third consecutive day, with Brent crude jumping to around $86 per barrel and West Texas Intermediate surpassing $80, after President Trump threatened further strikes on Iran and resumed restricting its shipments through the Strait of Hormuz. The increase comes amid escalation in the regional conflict, including attacks on ships and clashes in the area, fueling fears of disruptions to global energy supplies.
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