Oil prices, stocks surge as Hormuz closure drags on
- US petrol prices dropped nine cents last week but could again surge if the strait closure continues, analysts warn.
- Oil prices are surging as hopes dwindle that the Strait of Hormuz may reopen.
- The increase follows a dip last week as Tehran called on the United States to meet several demands, including ending military threats and sanctions, as well as providing compensation in order to reopen the strategically important waterway.
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- US petrol prices dropped nine cents last week but could again surge if the strait closure continues, analysts warn.
- Oil prices are surging as hopes dwindle that the Strait of Hormuz may reopen.
- The increase follows a dip last week as Tehran called on the United States to meet several demands, including ending military threats and sanctions, as well as providing compensation in order to reopen the strategically important waterway.
Sources: Al Jazeera