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geopoliticsbullishWTIPublished Jun 29, 2026, 6:31 AM

Renewed US-Iran Strikes Boost Oil Prices Amid Hormuz Fears

Renewed US-Iran Strikes Boost Oil Prices Amid Hormuz Fears
Fresh US and Iran military exchanges over the weekend, including tanker strikes in the Strait of Hormuz, drove oil prices higher with Brent and WTI rebounding above $70. Markets reacted with mixed Gulf stocks and Asian equities wobbling on renewed hostilities and shipping risks.

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