The rally in crude had taken prices past the crucial $100-per-barrel level for the first time since Russia’s invasion of Ukraine in 2022, amid fears that the Strait of Hormuz could remain shut for an extended period.
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The rally in crude had taken prices past the crucial $100-per-barrel level for the first time since Russia’s invasion of Ukraine in 2022, amid fears that the Strait of Hormuz could remain shut for an extended period.