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Oil prices surge as Gulf war intensifies and Strait of Hormuz remains closed

IranUnited States
First seen: Sep 9, 2026, 7:02 PM UTCUpdated: Sep 9, 2026, 7:47 PM UTC

Crude oil prices have risen sharply amid an intensifying Gulf war and the reported closure of the Strait of Hormuz.

A prolonged closure of the key oil shipping route could disrupt global energy supplies and raise costs worldwide.

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