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As of Jun 24, 9:44 PM ET ·

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Brent Crude Surges Past $105 on Hormuz Supply Concerns

Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.

Commodities May 22