Commodities

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This week

Oil surges past $88/barrel as Strait of Hormuz traffic grinds to a halt

Brent crude jumped to $94.70 after Iran reimposed controls on the Strait of Hormuz, through which 20M barrels of oil pass daily. Gas prices hit $4.11 nationally, up from under $3 before the Iran conflict. Gold continues to benefit as a safe haven.

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