Oil surges for second day, Brent tops $83 after Iran orders Strait of Hormuz closure

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Mar 3, 2026 - 17:50
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Oil surges for second day, Brent tops $83 after Iran orders Strait of Hormuz closure
Oil prices have soared more than14% this week as tanker traffic through the Strait of Hormuz has ground to a halt. European natural gas has soared more 70%.

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