Global-U.S. oil price spread hits more than 2-year high, as Strait of Hormuz shutdown halts tanker traffic

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The U.S. and Israel started a conflict with Iran over the weekend, wreaking havoc on the oil-rich Middle East region. Brent crude prices are taking the bigger brunt of the impact, with its premium above U.S. benchmark prices having climbed to their highest in over two years.

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Global-U.S. oil price spread hits more than 2-year high, as Strait of Hormuz shutdown halts tanker traffic

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