63 Days
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Sharjah24
Oil prices continue to soar amid concerns over Strait of Hormuz shipments
Oil prices rose by more than 2% following the retaliatory military strikes between the United States and Iran, due to fears of disruptions to energy supplies through the Strait of Hormuz. While Brent crude jumped to $77.68 per barrel, Goldman Sachs confirmed that expanding Middle Eastern pipeline networks could protect over 60% of Gulf oil exports from future disruptions by the end of 2028.
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