Brent crude holds above $102 as Middle East strikes dim Hormuz shipping hopes
AI Summary
Middle East strikes dented hopes for renewed shipping through the Strait of Hormuz.
Brent crude remained above $102 amid the developments.
Uncertainty over Hormuz shipping was linked to the oil-market level.
Brent crude, a global oil benchmark, remained above $102 as Middle East strikes dented hopes that shipping through the Strait of Hormuz would resume. The developments tie oil-market conditions to uncertainty over a major route for energy shipments.
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