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Hormuz stalemate raises risk of oil reaching $120 per barrel

Yahoo Finance · first seen 13.08.2026

Ongoing disruptions and tensions in the Strait of Hormuz are increasing market concerns, raising the risk of crude oil prices surging to $120.

  • Stalemate in the Strait of Hormuz threatens global oil supplies.
  • Analysts warn of potential $120 oil prices.

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