Brent Crude Surges 7% to $96.50 as US-Iran Naval Clashes Push Hormuz to Brink of War

Global energy markets were thrown into a state of panic on Monday morning as Brent crude prices surged nearly 7%, hitting an intraday high of $96.88 per barrel. The price follows a weekend of military escalation in the Middle East that has effectively halted maritime traffic thro

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