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Ed Conway breaks down the impact of the latest attacks in the Gulf and Strait of Hormuz

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Oil prices have risen again following another 24 hours of attacks on shipping in the Strait of Hormuz.

The International Energy Agency announced earlier it was releasing a record amount of oil from national reserves onto the market in an effort to stop oil prices rising.

However, continued Iranian attacks on oil-producing nations in the Gulf - and strikes on three cargo vessels overnight - pushed prices back up again.

Read more: https://news.sky.com/story/iran-latest-trump-tehran-israel-strikes-us-drone-live-sky-news-13509565

#iran #straitofhormuz #middleeast #globaleconomy

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Category
News24
Tags
IRAN, MIDDLE EAST, STRAIT OF HORMUZ