Iran war updates: Oil prices spike
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Global oil markets have reacted swiftly to escalating tensions in the Middle East as the United States and Israel continue their assault on Iran. After oil tanker traffic through a key chokepoint, the Strait of Hormuz,
Crude oil inventories in the United States increased by 0.4 million barrels during the week ending December 19, after holding nearly flat the week prior, according to new data from the U.S. Energy Information Administration (EIA) released late due to the ...