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Back Fundamental analysis
US Blockade of the Strait of Hormuz May Lead to a New Surge in Oil Prices
The price of oil has risen
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The price of oil has risen by more than 10% over the past day. This is mainly due to the failed negotiations between the US and Iran and further steps taken by Trump to pressure the Islamic country. It is evident that oil prices will be significantly higher than current levels if the US implements the planned naval blockade of the Strait of Hormuz.Yesterday, Donald Trump announced the introduction of a maritime blockade of Iran starting April 13. This decision,
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Miroslaw Bawulski,
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