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The Economic Times
The Economic Times
Business

Oil rises after Iran shuts Hormuz again, Trump threatens new attacks

Oil Iran IG United States Strait Strait of Hormuz Lebanon

Oil prices rose on Monday after shipping through the Strait of Hormuz slowed while talks between U.S. and Iranian officials in their first meeting under an interim peace deal were off to a bumpy start.

Brent crude futures climbed 54 cents or 0.67%, to $81.11 a barrel by 0030 GMT, after touching a high of $82.30 at the start of trading.

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