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WTI crude surges 3% above $85 as US-Iran fighting renews

  • WTI crude surged amid renewed fighting between the United States and Iran.
  • 3% gains lifted WTI crude above $85.
  • Strait of Hormuz tanker flows became a source of concern.

WTI crude surged 3% above $85 as renewed US-Iran fighting fueled concerns over tanker flows through the Strait of Hormuz, a vital route for oil shipments.

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