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The Independent UK

Business

Henry Saker-Clark

North Sea oil prices hit record high amid Strait of Hormuz row

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

North Sea oil prices have surged to an unprecedented high, driven by a frantic rush among traders to secure vital supplies.

This comes amid heightened geopolitical tensions, following accusations from US President Donald Trump that Iran has failed to uphold a ceasefire agreement to immediately open the Strait of Hormuz.

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