Oil rises as U.S. continues to strike Tehran, reinstates blockade of Iranian ports - CNBC

Source: CNBC

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DW NOTE

The ceasefire lasted 25 days. The Strait never recovered — even before the blockade returned, traffic was running at one-fifth normal levels. A choke point that carries 21% of global petroleum doesn't restart like a light switch after four months of closure, and markets that bid oil down 29% from the annual high are now pricing that in backwards.

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