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The Independent UK

Business

Karl Matchett

Oil prices jump back above $100 a barrel after Trump orders blockade of Strait of Hormuz

Donald Trump Oil Strait of Hormuz United States Iran Kathleen Brooks

The price of oil has jumped again to above $100 a barrel after President Trump said the US would blockade the Strait of Hormuz from Monday.

The US president threatened to stop tankers from entering or leaving the key oil and gas shipping lane in response to the failure of talks with Iran.

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One subscription that gives you access to news from hundreds of sites

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