Oil Prices Surge Past $85 as Strait of Hormuz Tensions Rattle Global Markets

Global energy and financial markets were thrown into turmoil this week as escalating tensions in the Middle East drove oil prices sharply higher and triggered declines across major stock exchanges. Brent crude futures climbed above $85 per barrel for the first time since mid-2024, amid fears that the strategic Strait of Hormuz could be closed. […] The post Oil Prices Surge Past $85 as Strait of Hormuz Tensions Rattle Global Markets appeared first on The Zimbabwe Mail.


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