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Crude oil jumps over 5% as US-Iran tensions flare again; Brent crude climbs past $114

Crude oil prices rose on May 4 after a tanker was reportedly hit in the Strait of Hormuz. Tensions escalated between the U.S. and Iran, with Trump promising to guide ships through the strait, while Iran warned of military action against US forces and urged coordination for passing vessels.

Source :- mint – markets Read More

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