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Rich Asplund

BIZARRE: Renewed us iran hostilities push crude prices higher | Mind Blowing Facts

United States Oil Iran Middle East Donald Trump OPEC IEA Strait of Hormuz Ukraine

October WTI crude oil (CLV26) closed up +2.36 (+2.83%) on Monday, and October RBOB gasoline (RBV26) closed up +0.0268 (+0.88%).

Crude oil and gasoline prices moved sharply higher on Monday, with crude climbing to a 1-week high. Renewed tensions in the Middle East boosted crude prices on Monday after the US and Iran exchanged attacks for the first time in a month. The attacks are fueling concern that military escalation could further curtail shipping through the Strait of Hormuz, further reducing global energy supplies.

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