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European gas and oil prices rise amid US-Iran tensions and Strait of Hormuz danger

United StatesIran
First seen: Sep 7, 2026, 9:32 AM UTCUpdated: Sep 7, 2026, 10:02 AM UTC

European gas prices are reported near a three-year high, while oil prices rise following a US attack on Iranian tankers. The Strait of Hormuz remains dangerous, according to the supplied reports.

Energy-market disruption around a major shipping chokepoint could increase costs and supply risks internationally.

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