Oil prices surged on tighter U.S. measures against Iran and the UAE’s OPEC exit, reinforcing fears of prolonged supply disruption. Oil prices extended their rally on Wednesday after reports emerged that the U.S. will tighten its blockade on Iranian ports, prolonging fears of reduced oil supply from the region, and as the UAE hit markets with its OPEC-exit announcement. Brent cru... [4766 chars]
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