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Brent Oil Jumps 8% at Open After U.S. Announces Hormuz Blockade

The source says Brent crude rose sharply after the United States announced a blockade of the Strait of Hormuz, a key global energy shipping route.

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Terms & Concepts
  • Strait of Hormuz: A critical oil shipping chokepoint connecting the Persian Gulf to global markets.
  • Blockade: A restriction on movement or trade that can disrupt supply flows and affect commodity prices.