Brent crude oil hits 4-year high on Iran worries

Brent crude oil hits 4-year high on Iran worries

Global oil prices surged to a four-year high overnight before retreating somewhat early Thursday as the Strait of Hormuz remains closed, and the prospect of a deal to end the conflict looks dim. The price of Brent crude oil, the international benchmark, briefly jumped to $126 per barrel on Thursday — its highest level both…

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