Oil rally widens as Trump vows strikes on Iran amid Hormuz tensions
TL;DR Summary
Oil prices rose after Trump threatened to bomb Iranian bridges or power plants in response to attacks on ships near the Strait of Hormuz, and a tanker was struck off Saudi Arabia with a fire but no casualties. Brent climbed to about $95.6 and WTI to about $87.7 as Iran warned of retaliation against US-linked infrastructure and energy facilities, highlighting ongoing risks to Hormuz shipping and renewed market volatility.
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