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Oil prices jump as Strait of Hormuz tensions escalate

Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February. Global oil prices jumped in Monday morning trade in Asia as tensions rose between the US and Iran over the Strait of Hormuz waterway. Brent crude futures were up by 6.4% at $96.13 (£71.27), while West Texas Intermediate was 7.5% higher at $90.15. On ... [748 chars]

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