The price of Brent crude oil jumped 1.73% to $113.44 per barrel, and the price of WTI crude oil crossed the $100 per barrel threshold. This comes amid the ongoing conflict and the Iranian threat to hermetically seal the Strait of Hormuz, following threats voiced by U.S. President Donald Trump, according to which if the ayatollah regime does not reopen the strategic maritime passage by tomorrow night, the Americans will bomb Iranian power stations.
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