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Stock markets slump as oil prices surge over Strait of Hormuz fears

Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world. Stock markets have slumped and global oil prices have jumped above $100 (£75.02) a barrel as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz. Iran on Sunday named Mojtaba Kha... [3110 chars]

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