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Evening Standard

Business

Henry Saker-Clark

North Sea oil price rises to record high amid tension over ceasefire

Donald Trump Oil North Sea Iran United States Strait of Hormuz Strait

North Sea oil prices have increased as the conflict in the Middle East drives concerns over oil supply (Jane Barlow/PA) -

North Sea oil prices have risen to a new record high as traders rush to secure supplies.

It came as US President Donald Trump accused Iran of not abiding by a ceasefire agreement to immediately open the Strait of Hormuz.

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