Business

Oil prices surge as Trump’s 48‑hour ultimatum sparks market rally

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Web Desk

TEHRAN: Oil prices have risen again on the 48-hour ultimatum to deal with Iran and open the Strait of Hormuz. US WTI crude oil rose 11.41 percent to $111.54 per barrel.

Similarly, British Brent crude oil is trading at $109.24 per barrel, up 7.78 percent in the last 24 hours. It should be noted that a statement by the US President also affects global oil prices.

Web Desk

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