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[MARKET UPDATE] Oil prices extend on the prior day's rally with WTI above USD 80/bbl following US-Iran escalation and with Trump reinstating the Iranian blockade, while he touted a 20% Hormuz fee, and there were also reports of Saudi-Yemen attacks

StockNow breaking-news AI analysis

Oil prices rise amid renewed US-Iran tensions. Trump reinstated an Iranian naval blockade and proposed a controversial 20% transit fee for Hormuz cargo, facing international legal challenges.

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