Brent crude holds above $102 as Middle East strikes dim Hormuz shipping hopes

  • 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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