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Oil prices near $100 after new Iranian leader says Strait of Hormuz to stay closed

people_culture UTC: 2026-03-12 18:00:33

Oil prices rose sharply Thursday, cresting above the key $100 per barrel level, after new Iranian Supreme Leader Mojtaba Khamenei warned that a critical waterway for global shipping will remain closed as the U.S. and Israel continue an assault of the country. Khamenei — the so...

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