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Oil Gains Amid Trump Response Warnings
Oil prices rose by more than 1% after U.S. President Donald Trump issued strong warnings of a vigorous response to the killing of three American soldiers. This comes amid escalating tensions in the Middle East, where Washington has carried out attacks against Iran and the Yemen-based Houthi group announced a naval blockade on Saudi Arabia. These developments increase the risk of closing the Strait of Hormuz and threatening global oil supplies passing through it, amid ongoing escalations among the involved parties.
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