Oil Gains 4% As Fragile Ceasefire, Hormuz Restrictions Keep Supply Risks Elevated

Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures were up $3.69, or 3.9%, at $98.44 a barrel at 0856 GMT, while U.S. West Texas Inte

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