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Oil prices jump as Hormuz, Red Sea crises deepen

Deutsche Welle

BusinessDeutsche Welle·Jul 23, 2026·1 min read

Oil prices jump as Hormuz, Red Sea crises deepen

Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else could keep them elevated.

View original source — Deutsche Welle ↗

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