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Oil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz

CNBC

BusinessCNBC·Aug 7, 2026·1 min read

Oil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

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