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Oil Prices Set for More Volatility After Latest Iranian Attack in Strait of Hormuz

The New York Times

BusinessThe New York Times·Jul 12, 2026·1 min read

Oil Prices Set for More Volatility After Latest Iranian Attack in Strait of Hormuz

Crude oil prices jumped above prewar levels this week, demonstrating Iran’s capacity to move energy prices by projecting power in the Strait of Hormuz.

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