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Brent crude's intraday gains widened to 5% as Iran said it would close the Strait of Hormuz if it faced any new attacks

08/07/2026 10:38

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Svmuu News: According to Gate data, Brent crude’s intraday gains have widened to 5%, and it is currently trading at $79.60 per barrel. WTI crude is currently up 4.75%. Iranian media reports state that Iran will close the Strait of Hormuz if it faces any new attacks.

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#Crude oil #Geopolitics #Iran

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