Oil surges after Iran halts talks with U.S. and vows to block Hormuz

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Source: Seeking Alpha
Oil surges after Iran halts talks with U.S. and vows to block Hormuz
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TL;DR Summary

Oil prices jumped after Iran said it would stop communicating with the U.S. via intermediaries and move to fully block the Strait of Hormuz, signaling a potential disruption to global crude supplies.

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