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The Economic Times

Business

Veer Sharma

Oil Price Today (July 8): Crude oil flares up over 5% as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?

Oil Iran United States Strait of Hormuz Saudi Aramco

Oil prices rose over 5% on Wednesday after the United States carried out airstrikes on Iran and reinstated sanctions on Iranian crude sales, reigniting concerns over the stability of the Middle East ceasefire and the risk of fresh supply disruptions.

Crude oil price on July 8

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