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News 2026-07-09 07:35 UTC

EMEA Oil Update: Brent Nears $80 on Renewed US-Iran Hostilities

() -- Oil prices surged near multi-week highs on Thursday after US President Donald Trump called the US-Iran ceasefire "over," following US military strikes against Iranian targets triggered by renewed attacks on commercial shipping in the Strait of Hormuz. Brent crude futures steadied at $78.03 per barrel after briefl