Oil prices reach one-month high as Brent hits $85 and U.S. crude approaches $80
Oil prices jumped to their highest level in a month, with Brent around $85 and U.S. crude nearing $80, amid escalation in the Strait of Hormuz and the United States implementing a naval blockade on Iran. The tension has heightened uncertainty regarding energy supplies, following the targeting of two Emirati tankers by Iranian missiles within Omani waters, and concerns over a potential escalation of attacks in the region.
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